We advised the Alfa Laval Group as Swiss legal counsel on the contemplated acquisition of the cryogenic business of Fives.
Swedish listed Alfa Laval has signed a binding put-option agreement to acquire the Fives Cryogenics business unit, part of the French Fives Group, for a total fixed purchase price of EUR 800 million on a cash and debt-free basis.
Fives Cryogenics is a world-leading expert in cryogenic heat transfer and pump technologies, headquartered in France. The proposed acquisition remains subject to consultation with the relevant works councils, after which the parties expect to enter into a definitive purchase agreement. This proposed acquisition would provide Alfa Laval with a strong portfolio of heat transfer and pump products for gas liquefaction.
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