The Swedish company Alfa Laval, which focuses on heat transfer, centrifugal separa[ds_preview]-tion and fluid handling, has signed an agreement to acquire Frank Mohn AS, a Norwe–
gian manufacturer of submerged pumping systems to the marine and offshore markets. The acquisition, which strengthens Alfa Laval’s fluid handling portfolio by adding a unique pumping technology, will further reinforce Alfa Laval’s position as a leading supplier to the marine and offshore oil & gas markets, the company said.
Alfa Laval has agreed to acquire Frank Mohn, with the product brand Framo, for a total cash consideration of 13 bill. NOK, on a cash and debt free basis, from Wimoh AS, a company controlled by the Mohn family.
Frank Mohn’s main product in the marine segment is its submerged cargo pumping system, which plays a vital part in maximizing the utilization of product and chemical tankers. The system enables safe and flexible cargo handling performance for quicker turnaround time and fewer voyages in ballast. In the oil & gas segment, Frank Mohn offers packaged pumping systems for offshore installations including seawater lift, water injection and fire water pumping systems contributing to safe and efficient operations. The service organization of Frank Mohn provides technical support during the installation phase of a project, as well as professional service throughout the lifetime of the installed systems. The closing of the transaction is subject to approval from regulatory authorities.
