# Alfa Laval launches EUR 1.7 billion tender offer for Finland's Neles

Alfa Laval announced a recommended voluntary public cash tender offer of EUR 11.50 per share for all Neles shares not already held by Neles, valuing Neles' total equity at about EUR 1,727 million. The deal strengthens Alfa Laval's industrial flow control business.

- Type: Acquisition
- Announced: 2020-07-13
- Where: Finland, Finland
- Value: $1.97B (1.73B EUR)
- Status: announced
- Products: flow control solutions, valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Valmet](https://endata.com/companies/244.md) (partner)
- [Alfa Laval](https://endata.com/companies/306.md) (acquirer)
- [Neles](https://endata.com/companies/4658.md) (target)

## Sources

- [alfalaval.com](https://www.alfalaval.com/media/news/investors/2020/alfa-laval-announces-a-recommended-public-cash-tender-offer-for-all-shares-in-neles/), 2020-07-13: "Alfa Laval AB (publ) and Neles Corporation have on 13 July 2020 entered into a combination agreement pursuant to which Alfa Laval will make a voluntary recommended public cash tender offer for all issued and outstanding shares in Neles."
- [bloomberg.com](https://www.bloomberg.com/news/articles/2020-07-13/sweden-s-alfa-laval-agrees-to-buy-neles-in-2-billion-deal), 2020-07-13: "Swedish engineering giant Alfa Laval AB agreed to buy Neles Oyj in a deal that values the Finnish valve maker at roughly $2 billion"
- [prcvalve.com](https://www.prcvalve.com/newsDetail/22876-news), 2020-07-17: "同意收购Neles，这笔交易对这家芬兰阀门制造商的估值约为20亿美元"
- [valmet.com](https://www.valmet.com/news/neles-news-archive/statement-of-the-board-of-directors-of-neles-corporation-regarding-the-recommended-voluntary-public-cash-tender-offer-by-alfa-laval-ab-publ/), 2020-08-12: "The offer price is EUR 11.50 in cash for each Share in Neles validly tendered into the Tender Offer"
- [vma.org](https://www.vma.org/news/default.asp?DGPCrPg=7&DGPCrSrt=&id=1764), 2020-08-17: "Alfa Laval Agrees to Purchase Neles for Approximately $2 Billion"
- [valve-world-americas.com](https://valve-world-americas.com/tag/purchase/), 2021-12-13: "Alfa Laval has agreed to buy Neles in a deal that values the valve maker at roughly $2 billion."

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