Alfa Laval has completed the acquisition of Fives Energy Cryogenics, a specialist in cryogenic heat transfer and pump technologies. According to Alfa Laval, the acquisition of Fives Energy Cryogenics introduces a strong technology platform, further positioning Alfa Laval to support the global shift towards cleaner energy. The heat exchangers and pumps developed by Fives Energy Cryogenics are essential for liquefaction, regasification, and transportation of gases like liquefied natural gas (LNG) and hydrogen, as well as industrial gases such as carbon dioxide and nitrogen. This capability will extend Alfa Laval’s existing offerings in the LNG market and complement Alfa Laval’s strengths in hydrogen and carbon capture.
“This acquisition is a strategic milestone for Alfa Laval. By integrating Fives Energy Cryogenics’ cutting-edge cryogenic technology into our portfolio, we are not only extending our technological capabilities but also reinforcing our commitment to driving the energy transition,” said Tom Erixon, CEO and president of Alfa Laval. “This acquisition positions us at the forefront of innovation in important future markets, enabling sustainable volume growth and value creation.”
Headquartered in France, Fives Energy Cryogenics has more than 65 years of experience designing and manufacturing cryogenic heat exchangers and pumps for gas liquefaction. The company has manufacturing facilities in France, China, and Switzerland.
The cryogenic business will become part of Alfa Laval’s Energy Division and will operate as a new business unit.
