Bergen-headquartered Frank Mohn had sales of NOK3.4 billion and an order intake of NOK6.1 billion in 2013, and approximately 1200 employees.
“Frank Mohn is an excellent company that we have been following closely for several years. It has highly skilled employees, high quality products and a market-leading position within segments offering attractive long-term growth prospects,” said Lars Renström, president and CEO of Alfa Laval. “The combination of Frank Mohn and Alfa Laval will provide a very attractive offering of products, systems and services and it will strengthen our leading position as a provider of critical systems for ships and offshore oil & gas production units, with unmatched service capabilities.”
“Consolidation and globalization takes place in all industries. We have shown competitiveness through innovation, quality and a long-term view on customer relations. Alfa Laval’s commitment and focus on quality products to an international market is a heritage we share,” said Trond Mohn, chairman of Frank Mohn AS. “Alfa Laval is the only company we could see as a responsible and long-term owner of Frank Mohn AS and I am very happy that we have reached an agreement.”