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Article: Alfa Laval CEO sees improved acquisition possibilities - report.
- Article from:
- ADP News Nordic
- Article date:
- September 4, 2009
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(ADPnews) - Sep 4, 2009 - Swedish engineering group Alfa Laval AB (STO:ALFA) sees better possibilities to make acquisitions as sellers and buyers have started to come closer to each other in terms of price expectations, CEO Lars Renstrom said today in an interview for local news wire Nyhetsbyran Direkt.
On September 1, the group announced the acquisition of 90% of the shares in South Korean heat exchanger maker LHE Co Ltd, which had sales equivalent to some SEK 750 million (USD 104m/EUR 72.9m) in 2008. The purchase price was not disclosed.
"We have good financial muscles and we are working for further acquisitions. Then we will see if we manage to make ...