Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, 14 has acquired a 20 percent stake in AMI Global, specialized in end-to-end industrial Internet of Things' (IoT) solutions for rotating equipment, to further strengthen Alfa Laval's position in connected services, such as condition monitoring, as it was informed by Alfa Laval in the press release of January 14..
The signing and closing date was December 31, 2020.
The 20 percent stake will enable Alfa Laval to further strengthen its competence in IoT technologies. It's part of the company's digital transformation and its ambitions to supply remote monitoring of products and solutions.
Alfa Laval is active in the areas of Energy, Marine, and Food & Water, offering its expertise, products, and service to a wide range of industries in some 100 countries. Alfa Laval's innovative technologies are dedicated to purifying, refining, and reusing materials, promoting more responsible use of natural resources. Alfa Laval has 17,500 employees. Annual sales in 2019 were SEK 46.5 billion (approx. EUR 4.4 billion). The company is listed on Nasdaq OMX.
AMI Global is a portfolio company of Cimbria Capital, which is a private equity firm based in the United States and Scandinavia.