Altor and LD Equity sell Aalborg Industries
Altor Equity Partners and LD Equity have sold Aalborg Industries, a marine and land-based energy and environmental solutions provider, to Alfa Laval for a total cash consideration of SEK 5bn.
Aalborg was acquired by Altor and LD Equity in 2005 following a secondary buyout from Axcel. During this time, the company's revenue has increased from DKK 1,656m to DKK 2,761m in 2009. Profit margins have also increased and several strategic acquisitions were made.
The agreement is conditional upon approval from competition authorities.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com
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