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Aalborg Industries News

21 Dec 2010

Alfa Laval Acquires Aalborg Industries

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.

31 Mar 2009

Association for Exhaust Gas Cleaning Systems

The Exhaust Gas Cleaning Systems Association (EGCSA) was launched March 30 to provide a sustainable operating environment within the marine industry for exhaust gas cleaning system technologies. The EGCSA has been formed from companies and organizational divisions that manufacture exhaust gas cleaning systems for the marine sector. The founder companies of the association are Aalborg Industries, Clean Marine, Krystallon, Marine Exhaust Solutions, and Wartsila. The EGCSA will also include membership from companies in associated sectors that support technology solutions to reduce exhaust gas air pollution from ships. The association recognizes…

11 Jan 2002

Aalborg Reports Record Marine Boiler Sales in 2001

Aalborg Industries closed year 2001 with the highest total of marine boilers ever sold during a year. Aalborg also reported that its marine turnover was also the highest ever, and the same goes for the order backlog of marine boilers. The new MISSION series of boilers had an exceptional year during which especially the MISSION D-type boilers made a breakthrough in the Korean and Chinese tanker markets. A steadily increasing number of Aalborg Industries boilers for Japan, Korea and China are contracted for production at our boiler factory in Qingdao/China, and the production facilities are again being expanded while training in the use of new technology and in quality assurance are ongoing.

01 Jul 1999

Aalborg Buys Marine Boilermaker

Aalborg Industries bought Dutch marine boilermaker Wiesloch Marine & Industries/Wiesloch Beheer.

19 May 2000

Investor Group To Acquire Aalborg Industries

Headed by Axcel, an investor group has formalized an agreement with the Danish company J. Lauritzen Holding to attain Aalborg Industries. Aalborg, which is one of Denmark's large industrial companies specializing in the field of boilers and other heat generating equipment, agreed to allow investors to set up a new holding company with shares to be distributed among the investor group. The investor group also includes LD, FIH, and Aalborg president and CEO Freddy Frandsen, senior vice president and CFO Svend Ole Aagren, and group vice president Jorn Nielsen.

16 Nov 2005

Vinashin to Build Vessel for Denmark

Reports indicate that the contract on building a 2,500-ton vessel, worth $4.5M, will be carried out over 15 months by the Saigon Shipbuilding Industry Company, a member of Vinashin. Representatives also signed a $90,000 contract for engine testing services. Danish Fabricius and ISC Consulting Engineers signed the bulk of the agreements. The Saigon Shipbuilding will begin building the 2,500-tonne ship in early 2006. Fifteen Danish shipbuilding companies, three large financial institutions and the Danish Embassy in Hanoi have joined forces with Vinashin and Vietnam National Shipping Lines (Vinalines) to organise a workshop on cooperation and development in shipbuilding industries in Vietnam and Denmark.

25 May 2006

Aalborg Strengthens O&G Position

Aalborg Industries signed a binding agreement to acquire the Australian company Gosfern Pty Ltd. Gosfern's core competence lies within combustion technology and related control and safety systems. The company has, over the past decade, developed a strong position as supplier to special vessels for the exploration, production and preprocessing of oil (FPS) and has a considerable market share globally. With the acquisition of Gosfern, Aalborg Industries becomes a supplier of complete boiler plants with related combustion equipment, automation and safety systems to the maritime oil and gas sector.