Alfa Laval has completed the acquisition of the cryogenics business unit of Fives (Fives Energy Cryogenics), an expert in cryogenic heat transfer and pump technologies. This acquisition marks a strategic extension of Alfa Laval’s portfolio, underscoring its dedication to pioneering innovative solutions in the energy sector.
The acquisition of Fives Energy Cryogenics introduces a strong technology platform, further positioning Alfa Laval to support the global shift towards cleaner energy. The heat exchangers and pumps developed by Fives Energy Cryogenics are essential for the efficient liquefaction, regasification, and transportation of gases like LNG and hydrogen, as well as industrial gases such as carbon dioxide and nitrogen. This capability will extend Alfa Laval’s existing offerings in the LNG market and complement Alfa Laval’s strengths in hydrogen and carbon capture.
Fives Energy Cryogenics has more than 65 years of experience designing and manufacturing cryogenic heat exchangers and pumps for gas liquefaction. Fives Energy Cryogenics has reported approximately EUR 200M in revenue in 2024.
The cryogenic business will become part of Alfa Laval’s Energy Division and will operate as a new separate business unit