Alfa Laval continues to expand its product portfolio
Alfa Laval has acquired the Olmi S.p.A., an Italian company specialized in the designing and manufacturing of shell and tube heat exchangers and air coolers for niche applications in the petrochemical, power and oil and gas industries.
“The acquisition of Olmi will substantially strengthen our platform to expand into the high pressure, high temperature heat exchanger market,” said Lars Renström, president and CEO of the Alfa Laval Group. “At the same time, Alfa Laval’s strong global presence allows us to take the offering to new geographical markets and customers.”
Olmi has sales of about SEK 700 million, with approximately 240 employees working in R&D, manufacturing and sales. The transaction was completed based on an enterprise value of approximately SEK 500 million. The purchase agreement includes a limited earn-out opportunity for the seller.
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