Alfa Laval acquires pumping system manufacturer

07 Apr 2014

Alfa Laval has agreed the acquisition of submerged pumping system manufacturer Frank Mohn, which is based in Bergen, Norway, for a cash consideration of about NOK 13 billion.

Frank Mohn, which produces a submerged cargo pumping system as well as systems for the oil and gas industry, under the Framo brand name, has about 1,200 employees and a 2013 order intake of NOK 6.1 billion. Alfa Laval says that the acquisition will reinforce its flkuid handling portfolio by adding a unique pumping technology. The marine pump systems are targeted at the product and chemical tanker market, where they are said to enable safe and flexible cargo handling performance for quicker turnround time and fewer voyages in ballast.

“Frank Mohn is an excellent company that we have been following closely for several years. It has highly skilled employees, high quality products and a market-leading position within segments offering attractive long-term growth prospects”, said Lars Renström, president and CEO of the Alfa Laval Group. “The combination of Frank Mohn and Alfa Laval will provide a very attractive offering of products, systems and services and it will strengthen our leading position as a provider of critical systems for ships and offshore oil and gas production units, with unmatched service capabilities.”

Alfa Laval intends to include the Framo products as a new segment in its Marine & Diesel division. The activities in the Bergen area, anew sales and service facility at Askøy, and production facilities at Fusa, Flatøy and Frekhaug will become Alfa Laval’s operational centre for marine and offshore pumping systems.

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