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Alfa Laval Finnishes signing Fincoil acquisition

ALFA Laval, specialist in heat transfer, centrifugal separation and fluid handling, has bought Finnish air heat exchanger firm Fincoil for £32m.
Alfa Laval has agreed to pay more than £32m in cash for Fincoil-teollisuus Oy, in the agreement signed with Carrier Corp.

'The acquisition of Fincoil is in line with Alfa Laval's strategy to expand the presence in the European air heat exchanger market, which we estimate has a size of approximately SEK 5.5 billion,' says Lars Renström, CEO and President of the Alfa Laval Group.

Fincoil has a turnover of approximately £28.5m, 150 employees and an established position in the Nordic countries, the Baltic countries and Russia.

Fincoil has one manufacturing site near Helsinki and 80% of its sales are exported. Alfa Laval plans to fully integrate Fincoil into Alfa Laval.

Fincoil is Alfa Laval's second purchase in the global industrial cooling and refrigeration market. A few months ago it bought the Dutch firm Helpman with sales of £15m.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021
ACR News

Honeywell supports decarbonisation of buildings with Danfoss compressors

Honeywell is using its Solstice technology to support a new range of ultra-low global warming potential (GWP) scroll compressors designed and manufactured by Danfoss for heating and cooling applications. The new compressors deliver improved energy ...

  03-Dec-2021

If you need to open a solenoid valve manually, you need a SVOM!

"THE SMALL TOOL WITH A BIG ATTRACTION" Available from Refrigeration Wholesalers If you would like to become a distributor please contact sales@fridgenius.co.uk
  03-Dec-2021
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Diary

GWP>150 ban in sealed systems