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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

Mitsubishi Electric upgrades flagship ventilation system for offices, schools, hotels and more

Mitsubishi Electric has launched the LGH-RVX3-E Lossnay mechanical ventilation with heat recovery (MVHR) system to provide clean and healthy air for commercial settings....

  09-Jun-2023

Sanhua Launches PEV Series Pulse Expansion Valves for Precise Refrigerant Flow Control

The PEV series valves have a solenoid valve structure, allowing flow regulation by pulse width control, ensuring highly accurate and responsive flow control.
  05-Jun-2023
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