M&A Activity • Aug 27, 2012
M&A Activity
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Lund, Sweden – August 27, 2012
Alfa Laval Group Box 73 SE-221 00 Lund Sweden Visit: Rudeboksvägen 1
Tel: +46 46 36 65 00 Fax: +46 46 32 35 79 www.alfalaval.com
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired Gamajet Cleaning Systems, Inc., a leading provider of tank cleaning machines as well as self-contained and portable cleaning systems for the industrial and sanitary markets in North America. Gamajet, which had sales of approximately SEK 75 million in 2011 and some 30 employees is headquartered in Exton, Pennsylvania.
Lars Renström, President and CEO of the Alfa Laval Group, comments on the acquisition: "We have built the leading position within tank cleaning equipment over the past 10 years. Gamajet fits very well with our ambitions and it expands our product portfolio. It will especially extend our offer to the industrial market and also strengthen our position in North America."
Gamajet Cleaning Systems will be integrated into Alfa Laval. The company will be consolidated from August 23, 2012.
Did you know that… Alfa Laval took the first step to build its tank cleaning business in 2003 by acquiring the Danish company Toftejorg? Today the tank cleaning business represents about SEK 300 million, including Gamajet Cleaning Systems.
Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.
The company's equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol.
Alfa Laval's products are also used in power plants, aboard ships, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications.
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Alfa Laval continues to expand its product portfolio – acquires American tank cleaning equipment company
Alfa Laval's worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena.
Alfa Laval is listed on Nasdaq OMX, and, in 2011, posted annual sales of about SEK 28.6 billion (approx. 3.2 billion Euros). The company has today about 16 000 employees.
Peter Torstensson Senior Vice President, Communications Alfa Laval Tel: + 46 46 36 72 31 Mobile: +46 709 33 72 31
Gabriella Grotte Investor Relations Manager Alfa Laval Tel: +46 46 36 74 82 Mobile: +46 709 78 74 82
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