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Sweden’s Alfa Laval set to acquire Fives Cryogenics in France for €800m

Gas
March 21, 2025

Swedish manufacturing firm Alfa Laval has signed a binding put-option agreement to acquire Fives Cryogenics, a French business specialising in cryogenic heat transfer and pump technologies, for €800m.

By adding cryogenic technologies to its portfolio, Alfa Laval aims to expand its capabilities to support the energy transition.

If the purchase goes ahead, Fives will become part of Alfa Laval’s energy division and operate as a separate business unit.

Tom Erixon, President and CEO of Alfa Laval, said the company would continue to invest in capabilities and growth in the next five years, particularly in France.

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Gas
June 25, 2026

Fuel cell investment by data centres to reach $30bn by 2030

By 7 min ago 3 min read Energy-hungry data centres developers are turning more to on-site fuel cells with investment set to rise tenfold to $30bn by 2030, according to…

Gas
June 25, 2026

Spain redirects €211m in IPCEI funds to BP-Iberdrola hydrogen plant expansion

Castellón refinery © BP By 44 min ago 2 min read BP and Iberdrola could expand their 25MW green hydrogen plant at the British oil major’s refinery in Spain, after…