Extract from our Nordic M&A Newsletter

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Alfa Laval divests a major part of its Greenhouse division
April 30, 2019

Alfa Laval has completed the spin-off of its air heat exchanger business, related to commercial/industrial air heat exchangers. The buyer is the large Italy-based LU-VE Group. The business being divested reported sales of SEK 1.1bn with EBIT of SEK 94.6m. The payment at closing will be EUR 43.6m, reflecting an EV/EBIT multiple of 4.9x.

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