ABB acquires Alfa Laval Automation

ABB agreed June 17 to acquire Alfa Laval Automation from Alfa Laval of Sweden. With annual revenues of about $150 million, Alfa Laval Automation is one of Europe’s five largest process control system and automation equipment suppliers. The Sweden-based unit employs 1,200 people in 14 countries. The acquisition is subject to approval of regulatory authorities. “Alfa Laval Automation’s strength in the pharmaceutical and food sectors allows us to significantly broaden our scope in this important business,” says Göran Lindahl, ABB’s president and ceo. Sigge Haraldsson, Alfa Laval’s ceo, adds the sale “is part of our objective to concentrate on our core businesses, while providing our automation business with the opportunity to grow through ABB’s global resources.” The acquisition will become part of ABB’s Industrial and Building Systems segment, which received more than $16 billion in orders during 1997 and has about 97,000 employees. ABB employs approximately 213,000 people and had 1997 orders of about $35 billion.

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