M&A Deal Summary

Alfa Laval Acquires Fives - Cryogenics business unit

On March 21, 2025, Alfa Laval acquired engineering company Fives - Cryogenics business unit from Fives for 800M EUR

Acquisition Highlights
  • This is Alfa Laval’s 1st transaction in the Engineering sector.
  • This is Alfa Laval’s largest (disclosed) transaction.
  • This is Alfa Laval’s 2nd transaction in France.

M&A Deal Summary

Date 2025-03-21
Target Fives - Cryogenics business unit
Sector Engineering
Buyer(s) Alfa Laval
Sellers(s) Fives
Deal Type Divestiture
Deal Value 800M EUR

Target

Fives - Cryogenics business unit

Paris, France
Fives' cryogenics business unit designs and supplies cold boxes, heat exchangers, and cryogenics pumps. Fives' cryogenics business unit is based in Paris. France.

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Buyer(S) 1

Buyer

Alfa Laval

Lund, Sweden

Category Company
Founded 1883
Sector Machinery
Employees21,767
Revenue 63.6B SEK (2023)
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 14 of 14
Sector (Engineering) 1 of 1
Type (Divestiture) 2 of 2
Country (France) 2 of 2
Year (2025) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-05 NRG Marine

Coventry, United Kingdom

NRG Marine is a provider of ultrasonic anti-fouling solutions for marine, oil and gas, and industrial application. NRG Marine was founded in 2006 and is based in Coventry, United Kingdom.

Buy -

Seller(S) 1

SELLER

Fives

Paris, France

Category Company
Founded 1812
Sector Engineering
Employees6,100
Revenue 1.3B EUR (2014)
DESCRIPTION

Fives is an international industrial engineering group that designs and produces equipment, primarily for the automotive, steel and aluminium industries. Fives has participated in the modernization of various global industries, including steel, aluminium, cement, energy, and more recently, the automotive and aerospace industries, as well as logistics. The group’s rich history is grounded in constant innovation, development of proprietary technologies, international expansion and a pioneering spirit. This enables Fives to have a comprehensive global vision of the various industries in which it operates, as well as strong expertise in the design of critical equipment and solutions for industrial processes. Fives was founded in 1812 and is based in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1