Alfa Laval to Buy NAVTOR for $700M in Maritime Digital Expansion

Alfa Laval, a Swedish company specializing in heat transfer, centrifugal separation, and fluid handling, has agreed to buy Norwegian maritime software company NAVTOR for $700 million in cash. This acquisition aims to expand Alfa Laval's digital fleet solutions business.

The deal, one of Alfa Laval's largest transactions to date, is expected to close in the second half of 2023, subject to regulatory approvals and other customary closing conditions.

NAVTOR, founded in 2011, provides digital solutions for navigation, compliance, and optimization to the maritime industry, with a strong presence in the cruise and ferry segments.

Alfa Laval expects the acquisition to be accretive to its earnings per share and operating margin from 2024 onwards, as NAVTOR's products and services complement Alfa Laval's existing portfolio.