Alfa Laval, the Swedish marine equipment manufacturer, has agreed to acquire compatriot tanker cleaning equipment specialist Scanjet.
The acquisition will extend the company’s broad tanker offering, creating a more comprehensive product portfolio for cargo tanks, Alfa Laval said.
The deal is expected to close in the third quarter. No financial terms were disclosed.
“Scanjet’s intelligent tank management solutions will be a valuable complement to our sustainable marine offering, as they reduce the water usage and energy consumption connected with tank cleaning,” Alfa Laval said.
Scanjet employs around 150 people and operates factories in Sweden, Poland and Indonesia.
Turnover in 2022 is forecast to reach SEK 300m ($29.6m), according to Alfa Laval.
Scanjet’s turnover in 2021 was down around 14% compared with 2020, it said in a company newsletter published late last year.
It said cash flow was stable during the year, and it aimed to continue reducing its net working capital and external loans.
“Looking forward to FY2022, the preliminary budget looks good with an increase of turnover of 12% and a forecasted profit to be higher than FY2021,” Scanjet said.
Sameer Kalra, president of Alfa Laval’s marine division, said: “Scanjet’s well-known and market-leading solutions for cargo tanks complement our existing Framo cargo pumping solutions for cargo handling.
“This gives us the ability to optimise tank management for our customers with an ambition to reduce their water and fuel consumption and ultimately their CO2 footprint.”
Scanjet chief executive Magnus Wallin described Alfa Laval as “the ideal place for Scanjet’s journey to continue”.
“Our companies have leading marine offerings that complement and strengthen each other. Above all, we share the ambition to exceed customer needs in full,” he said.
Lund-based Alfa Laval is listed on the Stockholm stock exchange and mainly provides purifying and refining technologies to the food and water, energy and marine industries.
Last year, it spent more than $440m acquiring Norway-based weather intelligence shipping software supplier StormGeo.
