LUND from Sweden, January 14, 2021 / PRNewswire / – Alfa Laval – a global leader in heat transfer, centrifugal separation and fluid management – has acquired a 20% stake in AMI Global, which specializes in industrial end-to-end Internet of Things (IoT) solutions for rotating equipment, to further strengthen Alfa Laval’s position in connected services, such as condition monitoring. The signing and closing date was December 31, 2020.
AMI Global is a portfolio company of Cimbria Capital, a private equity firm based in United States and Scandinavia. The 20% stake will allow Alfa Laval to further strengthen its skills in IoT technologies. It is part of the company’s digital transformation and its ambitions to provide remote monitoring of products and solutions. The ability to digitize a wide range of industrial equipment will provide meaningful data and create value for the customers and end users of the business.
“With this investment, we are improving our remote monitoring and connected services capabilities. We know that 24/7 access to process information provides users with powerful information for decision making. spirit for our customers ”, says Nish patel, President of the Food & Water Division at Alfa Laval.
“We see Alfa Laval as an ideal business partner for the next chapter of the MAI due to a strong commercial and cultural fit between the two companies,” said Henrik Skov Laursen, CEO of AMI Global. “Alfa Laval’s investment in AMI shows the importance of digital transformation and proves Alfa Laval’s commitment to world-class technological innovation.”
Did you know that… The Internet of Things is one of the cornerstones of Industry 4.0, the Fourth Industrial Revolution, where the first three revolutions being the introduction of steam, electricity and electronics?
It’s Alfa Laval
Alfa Laval is active in the energy, marine and food and water sectors, offering its expertise, products and services to a wide range of industries in some 100 countries. The company is committed to optimizing processes, creating responsible growth and driving progress – always going the extra mile to help customers achieve their business and sustainability goals.
Alfa Laval’s innovative technologies are dedicated to the purification, refining and reuse of materials, promoting a more responsible use of natural resources. They help improve energy efficiency and heat recovery, improve water treatment and reduce emissions. In this way, Alfa Laval is not only accelerating the success of its customers, but also of people and the planet. Make the world a better place, every day. It’s all about moving forward better ™.
Alfa Laval has 17,500 employees. Annual sales in 2019 were 46 SEK0.5 billion (approx. 4 EUR0.4 billion). The company is listed on the Nasdaq OMX.
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SOURCE Alfa Laval