International law firm Eversheds has acted for Alfa Laval, a leading provider of products and solutions for heat transfer, separation and fluid handling, on a SEK 5 billion share purchase agreement to acquire Aalborg Industries Holdings.

Alfa Laval has purchased the marine boiler manufacturer and supplier from Altor 2003 Fund, LD Equity and Aalborg’s management team, subject to clearance for regulatory authorities. Aalborg, based in Denmark, provides critical products, systems and service solutions the marine and off-shore markets.

Ulf Jonsson, Corporate Partner in the Eversheds Stockholm office, led the due diligence with support from thirteen jurisdictions across Eversheds’ international offices.

Ulf commented:

“This has been a very challenging project with many complex elements that needed to be completed in a very short time. I’m pleased that across Eversheds, we have been able to demonstrate our expertise in cross-border M&A.”