Alfa Laval wraps up Frank Mohn deal

Alfa Laval has completed the acquisition of Frank Mohn AS, following approval from competition authorities.

The acquisition, which adds marine and offshore pumping systems, represents a significant business opportunity as it further strengthens Alfa Laval’s position as a leading provider of critical systems for marine and offshore oil and gas production units.

The cash consideration totals $2.18 billion, on a cash and debt free basis.

In 2013 Frank Mohn AS, which has some 1,200 employees, reported sales of $571 million and an order intake of $1.02 billion. The acquisition, consolidated as of May 22, will be accretive to EPS as from the closing.

“Frank Mohn AS is an excellent and well-run company,” says Lars Renström, President and CEO of the Alfa Laval Group. “I am very pleased to welcome all its employees and its customers to Alfa Laval.”

The acquisition strengthens Alfa Laval’s product offering as regards to fluid handling equipment and it also strengthens Alfa Laval’s position in the marine and offshore markets. Frank Mohn AS, with the brand name Framo, is a leading supplier of submerged pumping systems to these markets.

 

Press Release, May 22, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply