Alfa Laval Expands Its Portfolio with Acquisition of Fives Energy Cryogenics
Alfa Laval Expands Its Portfolio by Acquiring Fives Energy Cryogenics
On July 8, 2025, Alfa Laval announced the successful completion of its acquisition of Fives Energy Cryogenics, a prominent player in the field of cryogenic heat transfer and pump technologies. This significant move underscores Alfa Laval's commitment to enhancing its offerings and addressing the global energy transition toward cleaner solutions.
Fives Energy Cryogenics, with over 65 years of experience in designing and manufacturing cryogenic technologies, brings a robust technical foundation to Alfa Laval. This acquisition enables Alfa Laval to significantly broaden its portfolio, particularly in sectors demanding efficiencies such as the liquefaction, regasification, and transport of gases, including liquefied natural gas (LNG), hydrogen, carbon dioxide, and nitrogen. The integration of this technology aligns perfectly with Alfa Laval's existing strengths in LNG and carbon capture technologies, suggesting a strategic complementarity that could bolster both market presence and innovation potential.
Tom Erixon, Alfa Laval's CEO and President, stated, “This acquisition marks a strategic milestone for Alfa Laval. By incorporating Fives Energy Cryogenics' state-of-the-art technology into our offerings, we’re enhancing our technical expertise while reinforcing our commitment to advancing the energy transition. This initiative positions us at the forefront of innovation, opening opportunities for sustainable growth and value creation.”
The acquisition reflects the increasing global demand for advanced technologies that promote cleaner energy solutions. Traditional energy sectors face intelligent shifts toward sustainability, and this strategic acquisition further solidifies Alfa Laval's position as a leader capable of transforming energy efficiencies.
Fives Energy Cryogenics has established itself as a market leader with its headquarters in France, complemented by manufacturing facilities in Switzerland and China. Employing over 700 people, it generated approximately EUR 200 million in revenue in 2024. This acquisition will see the cryogenic business operate as a new subsidiary within Alfa Laval's Energy Division, with integration processes commencing immediately.
The successful closure of the acquisition hinged on the receipt of necessary regulatory approvals, which have now been obtained, paving the way for this major strategic development.
As the world moves towards stricter regulations on emissions and increased demand for sustainable energy solutions, companies like Alfa Laval recognize the importance of staying ahead in technological advancements. The incorporation of Fives Energy Cryogenics into its framework not only showcases Alfa Laval’s forward-thinking strategy but also establishes a strong foundation for partnerships aimed at addressing environmental challenges.
Alfa Laval has a long history, founded 140 years ago, and operates globally, providing premier products in heat transfer, separation, and fluid handling sectors. The company is committed to aiding billions of people in accessing essential resources while simultaneously driving efforts towards decarbonizing industries like shipping, which plays a crucial role in global commerce.
In a world increasingly focused on sustainability and eco-conscious innovations, Alfa Laval’s strategic acquisition of Fives Energy Cryogenics represents a pivotal step in creating a more sustainable future. The company aims to enhance its operational capabilities and continue contributing positively to the environment, all while cultivating strong customer relationships. Together, they seek to unlock new potentials and pave the way for responsible growth in the energy sector.