Alfa Laval – a leader in heat transfer, centrifugal separation and fluid handling –signed an agreement to acquire Aalborg Industries Holding A/S for a total cash consideration of $729.6m, on an enterprise value basis, from Altor 2003 Fund, LD Equity and the Company’s management. Aalborg Industries has some 2,600 employees and is expected to generate sales of about $481.5m in 2010. The acquisition will be accretive to EPS from 2011. The closing of the transaction is subject to clearance from regulatory authorities. Headquartered in Aalborg, Denmark, the company is a provider of products, systems and service solutions, today mainly to the marine and off-hore markets, but it also has an increasing exposure to the power industry as well as to other industrial end markets.