# Alfa Laval completes acquisition of Fives Energy Cryogenics from Fives Group

Alfa Laval has completed the acquisition of the cryogenics business unit of Fives Group, now Fives Energy Cryogenics, a maker of cryogenic heat exchangers and pumps. The business joins Alfa Laval's Energy Division as a new separate unit.

- Type: Acquisition
- Announced: 2025-07-08
- Where: France
- Value: $936.0M (800.0M EUR)
- Status: completed
- 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 Cryogenics](https://endata.com/companies/12899.md) (target)
- [Fives Energy Cryogenics](https://endata.com/companies/13270.md) (target)

## Sources

- [worldpumps.com](https://www.worldpumps.com/content/news/alfa-laval-completes-acquisition-of-fives-group-s-cryogenics-business), 2025-07-08: "Alfa Laval has completed the acquisition of the cryogenics business unit of Fives Group, an expert in cryogenic heat transfer and pump technologies."
- [pumpsindia.com](https://pumpsindia.com/mergers-acquisitions/), 2025-07-19: "Alfa Laval has signed a binding put-option agreement to acquire the Fives Cryogenics business unit, part of the Fives Group, in an €800 million deal."
- [heat-exchanger-world.com](https://heat-exchanger-world.com/alfa-laval-acquires-fives-energy-cryogenics/), 2025-07-28: "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."

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