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Investing.com -- Alfa Laval, a Swedish company known for developing products for heat transfer, separation, and fluid handling, has agreed to purchase French specialty cryogenics firm, Fives Cryogenics, for a total sum of approximately $868 million.
The announcement was made on Friday, revealing that Alfa Laval has signed a binding put-option agreement to acquire Fives Cryogenics from the Fives Group.
The acquisition is set at a fixed purchase price of 800 million euros, equivalent to $868.3 million.
The acquisition of Fives Cryogenics aligns with Alfa Laval’s strategic direction, reinforcing its commitment to the energy transition and expanding its potential within the sector.
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