Alfa Laval Integrates Fives Energy Cryogenics to Expand Cryogenic Solutions for LNG and Green Gases

(l-r) Thomas Møller, Vincent Pourailly, Tom Erixon

(IN BRIEF) Alfa Laval has completed the acquisition of Fives Energy Cryogenics, enhancing its portfolio with specialized cryogenic heat exchangers and pumps for LNG, hydrogen, CO₂, and nitrogen applications. This move strengthens Alfa Laval’s position in the LNG market and complements its hydrogen and carbon capture offerings. CEO Tom Erixon highlighted the strategic importance of adding Fives’s 65 years of expertise. Fives Energy Cryogenics, which employs over 700 staff across sites in France, China, and Switzerland, reported around EUR 200 million in 2024. The acquired business will operate as a separate unit within Alfa Laval’s Energy Division, with integration starting immediately after regulatory clearance.

(PRESS RELEASE) LUND, 9-Jul-2025 — /EuropaWire/ — Alfa Laval has finalized the purchase of Fives Energy Cryogenics, the cryogenics division of Fives renowned for its expertise in cryogenic heat transfer and pump solutions. This strategic acquisition broadens Alfa Laval’s offerings in the energy sector and reinforces its drive to develop advanced technologies that support the transition to cleaner energy.

Fives Energy Cryogenics brings a robust platform of heat exchangers and pumps designed for the liquefaction, regasification, and transport of gases such as LNG, hydrogen, carbon dioxide, and nitrogen. Integrating these capabilities will enhance Alfa Laval’s LNG portfolio and dovetail with its existing strengths in hydrogen technologies and carbon capture systems.

“Welcoming Fives Energy Cryogenics into our group represents a pivotal moment for Alfa Laval,” said Tom Erixon, CEO and President. “Their proven cryogenic technology enriches our product range, strengthens our position in emerging markets, and underlines our commitment to sustainable growth and innovation in the energy landscape.”

With over 65 years of experience, Fives Energy Cryogenics operates from its headquarters in France and maintains manufacturing sites in France, China, and Switzerland. The business unit employs more than 700 professionals and generated about EUR 200 million in revenue in 2024. Upon closing—following the receipt of all regulatory approvals—the cryogenics arm will join Alfa Laval’s Energy Division as a standalone business unit, with integration activities commencing immediately.

The closing of the acquisition was subject to necessary regulatory approvals, as previously communicated here.

This is Alfa Laval

The ability to make the most of what we have is more important than ever. Together with our customers, we’re innovating the industries that society depends on and creating lasting positive impact. Alfa Laval is a leading global provider of first-rate products in the areas of heat transfer, separation and fluid handling. We’re set on helping billions of people to get the energy, food, and clean water they need. And, at the same time, we’re decarbonizing the marine fleet that is the backbone of global trade.

We pioneer technologies and solutions that enable our customers to unlock the true potential of resources. As our customers’ businesses grow stronger, the goal of a truly sustainable world edges closer. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets. Together, we’re pioneering positive impact.

Alfa Laval was founded 140 years ago, has customers in 100 countries, employs more than 22,300 people, and annual sales were SEK 66.9 billion (5.8 BEUR) in 2024. The company is listed on Nasdaq Stockholm.

www.alfalaval.com 

Media contact:

Johan Lundin
Head of Investor Relations, Alfa Laval
Mobile: +46 730 46 30 90
johan.lundin@alfalaval.com

Sara Helweg-Larsen
Head of Communication, Alfa Laval
Mobile: +46 730 35 80 98
sara.helweglarsen@alfalaval.com

SOURCE: Alfa Laval