M&A Deal Summary

Alfa Laval Acquires Aalborg Industries A/S

On January 13, 2011, Alfa Laval acquired marine company Aalborg Industries A/S from Altor Equity Partners and Maj Invest Equity A/S for 5.0B SEK

Acquisition Highlights
  • This is Alfa Laval’s 1st transaction in the Marine sector.
  • This is Alfa Laval’s largest (disclosed) transaction.
  • This is Alfa Laval’s 1st transaction in Denmark.

M&A Deal Summary
Date 2011-01-13
Target Aalborg Industries A/S
Sector Marine
Buyer(s) Alfa Laval
Sellers(s) Altor Equity Partners
Maj Invest Equity A/S
Deal Type Add-on Acquisition
Deal Value 5.0B SEK

Target

Aalborg Industries A/S

Aalborg, Denmark
website
Aalborg Industries A/S is a supplier of boilers and ancillary installations for use in the engine rooms of large vessels and, to a lesser extent, boilers for industrial enterprises.

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Buyer(S) 1

Buyer

Alfa Laval

Lund, Sweden

website

Category Company
Founded 1883
Sector Machinery
Employees17,555
Revenue 41.5B SEK (2020)
DESCRIPTION

Alfa Laval is a provider of specialised process engineering solutions, equipment and services in the areas of separation, heat transfer and fluid handling. Alfa Laval was founded in 1883 and is based in Lund, Sweden.

DEAL STATS #
Overall 2 of 12
Sector (Marine) 1 of 2
Type (Add-on Acquisition) 2 of 9
Country (Denmark) 1 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-18 Packinox SA

Paris, France

Packinox SA is a provider of welded plate heat exchangers for Oil & Gas and Refinery applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-04 Vortex Ventures

Houston, Texas, United States

Vortex Ventures manufactures patented mixing, blending and separating equipment that combine bulk materials and fluids. Vortex provides systems that mix oil and gas drilling fluids.

Buy -

Seller(S) 2

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 7 of 41
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 5 of 23
Country (Denmark) 1 of 5
Year (2011) 1 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-12 Eltek ASA

Drammen, Norway

Eltek Group is a power conversion specialist. Eltek develops and markets energy systems for telecom, renewable energy, electric vehicles and industrial applications as well as other information and communication related services. Eltek carries out its business through two main companies and their subsidiaries: Eltek Valere (energy systems) and Nera Telecommunications (telecom and infocom).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-07 Ferrosan A/S

Soeborg, Denmark

Ferrosan Consumer Health is engaged in the sale of science-based consumer healthcare products primarily in the Nordic region and the emerging markets of Russia and Central and Eastern Europe. Ferrosan Consumer Health offers a focused product portfolio of well-established brands including Multi-tabs®, the reference product in the multivitamin segment in the Nordic region, Bifiform®, a market-leading fast growing probiotics product range, Fri Flyt/Active Omega-3, a premium product range addressing the omega-3 market for heart and joint health, and IMEDEEN®, the global leader within oral skin care.

Sell -
SELLER

Maj Invest Equity A/S

Copenhagen, Denmark

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 590M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maj Invest Equity A/S (formerly LD Invest Equity) is the private equity investment arm of financial management firm Maj Invest Holding A/S (formerly LD Invest A/S). Maj invests in small-cap Danish businesses generating sales of EUR 13 to 130 million with proven business models and established market positions. Maj Invest Equity was formed in 2005 and is based in Copenhagen.

DEAL STATS #
Overall 13 of 45
Sector (Marine) 2 of 3
Type (Add-on Acquisition) 7 of 21
Country (Denmark) 13 of 45
Year (2011) 1 of 4
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 R2 Group A/S

Hedensted, Denmark

R2 Group A/S is an independent distributor and manufacturer of food ingredients, material science and health and pharma products. With a strong presence in the Nordics and own production facilities and food innovations centers, the company focuses on high value niche products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-12 Bisca A/S

Stege, Denmark

Bisca A/S is a producers of biscuits and cookies in the Nordic countries. Bisca’s products are sold primarily to the Nordic home market, but also to various export markets. In addition, Bisca produces biscuits for the ice cream industry and protein-enriched biscuits for emergency relief organisations.

Sell -
Mergr

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