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Announced

Alfa Laval to acquire Neles for $2bn.

Financials

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Transaction Value£1,545m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.8x
EV/EBITDA19.08x
Share Price Premium33%
One Off Charge-

Tags

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flow control solutions

Pending

Single Bidder

Machinery: Industrial

Acquisition

industrial machinery

Public

Tender Offer

Finland

Friendly

Majority

Cross Border

Synopsis

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Alfa Laval, a provider of solutions for heavy industry, offered to acquire Neles, a provider of flow control solutions and services, for $2bn. "We see this offer as clear evidence of the good, strong work done throughout the years. It means that Alfa Laval believes in and appreciates our strategy, products and most of all, know-how of our people. We continue to be serving our customers and executing our strategy, and are delighted to hear that Alfa Laval would support our endeavours," Olli Isotalo, Neles President and CEO.

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