Alfa Laval to acquire BunkerMetric

LUND, Sweden , Aug. 4, 2022 /PRNewswire/ -- Alfa Laval has signed an agreement to acquire BunkerMetric, a Scandinavian software company that develops advanced decision support tools for marine bunker vessels. The acquisition is part of Alfa Laval's strategy to expand its digital marine service offering and will be part of the recently acquired StormGeo, a global leader in weather intelligence software and decision support services. Closing of the acquisition is expected during Q3, 2022.

BunkerMetric, headquartered in Denmark, supports ship operators in finding the best bunker procurement plan and improving voyage margins by using sophisticated algorithms. The optimization tools, together with StormGeo's advanced route services, will enable ship owners to streamline operations to help them improve their bottom line. BunkerMetric's procurement optimization tool will become a subscription service within StormGeo's existing offering.

"BunkerMetric will be a valuable complement to our expanding portfolio of solutions built upon advanced digital technologies," says Sameer Kalra, President of the Marine Division, Alfa Laval. "This acquisition will strengthen our ability to support our customers in voyage routing and operational decision making, thereby helping them improve their vessels' operational costs."

Did you know… Alfa Laval has been a supplier to the marine industry for more than 100 years and in addition to its premium product range it has a global marine service network available 24/7.

This is Alfa Laval

Alfa Laval is a world leader in heat transfer, centrifugal separation and fluid handling, and is active in the areas of Energy, Marine, and Food & Water, offering its expertise, products, and service to a wide range of industries in some 100 countries. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets.

Alfa Laval's innovative technologies are dedicated to purifying, refining, and reusing materials, promoting more responsible use of natural resources. They contribute to improved energy efficiency and heat recovery, better water treatment, and reduced emissions. Thereby, Alfa Laval is not only accelerating success for its customers, but also for people and the planet. Making the world better, every day.

Alfa Laval has 17,900 employees. Annual sales in 2021 were SEK 40.9 billion (approx. EUR 4 billion). The company is listed on Nasdaq Stockholm.

                          www.alfalaval.com

For more information please contact:

Johan Lundin                                                              
Head of Investor Relations                                         
Alfa Laval                                                                    
Tel: +46 46 36 65 10                                                   
Mobile: +46 730 46 30 90                                           

Eva Schiller
PR Manager
Alfa Laval
Tel: + 46 46 36 71 01
Mobile: +46 709 38 71 01

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SOURCE Alfa Laval