# Alfa Laval agrees to acquire Fives Cryogenics for EUR 800 million

Alfa Laval signed a binding put-option agreement to acquire the Fives Cryogenics business unit of Fives Group for a fixed price of EUR 800 million, subject to works council consultation.

- Type: Acquisition
- Announced: 2025-03-21
- Where: France
- Value: $860.0M (800.0M EUR)
- Status: announced
- Products: cryogenic heat exchangers, cryogenic pumps
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Alfa Laval](https://endata.com/companies/306.md) (acquirer)
- [Fives](https://endata.com/companies/4605.md) (partner)
- [Fives](https://endata.com/companies/4605.md) (target)
- [Fives Cryogenics](https://endata.com/companies/12899.md) (target)

## Sources

- [alfalaval.com](https://www.alfalaval.com/media/news/investors/2025/alfa-laval-signs-an-agreement-to-acquire-the-cryogenics-business-from-the-french-group-fives/), 2025-03-21: "signed a binding put-option agreement to acquire the Fives Cryogenics business unit, part of Fives Group, for a total fixed purchase price of EUR 800 million"
- [whitecase.com](https://www.whitecase.com/news/press-release/white-case-advises-alfa-laval-eu800-million-acquisition-fives-cryogenics), 2025-03-28: "The proposed acquisition will provide Alfa Laval with a strong portfolio of heat transfer and pump products for gas liquefaction."
- [bebeez.eu](https://bebeez.eu/2025/04/01/white-case-advises-alfa-laval-on-e800-million-acquisition-of-fives-cryogenics/), 2025-04-01: "The proposed acquisition will provide Alfa Laval with a strong portfolio of heat transfer and pump products for gas liquefaction."
- [mondaq.com](https://www.mondaq.com/pressrelease/162276/alfa-laval-to-acquire-fives-cryogenic-business), 2025-04-09: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.