ALFA LAVAL AB-UNSPON ADR Business Summary

Alfa Laval AB generates revenue through a dual-stream model comprising the sale of highly engineered capital equipment and high-margin recurring aftermarket services, which account for approximately 30% of total turnover. The company operates through three core business segments: Energy, providing heat transfer solutions for HVAC and industrial processes; Food & Water, specializing in separation and fluid handling for the food, pharmaceutical, and wastewater industries; and Marine, delivering environmental compliance and pumping systems for the global shipping fleet. Its primary competitive landscape includes GEA Group, Danfoss, SPX FLOW, and Andritz. Alfa Laval distinguishes itself as a premium market leader by leveraging its proprietary plate heat exchanger technology and a massive global installed base to drive industrial decarbonization and energy efficiency, positioning it as a critical infrastructure partner rather than a generic machinery manufacturer. Founded in 1883 by Gustaf de Laval and Oscar Lamm, the company is currently led by President and CEO Tom Erixon, who joined in 2016 following leadership roles at Ovako and Sandvik. The executive team includes Executive Vice President and CFO Fredrik Ekström, a company veteran who assumed the role in 2022, and Martijn Bergink, who was appointed President of the Marine Division in late 2025. Governance is overseen by Chairman Dennis Jönsson, the former CEO of Tetra Pak, reflecting the company’s deep historical ties to its largest shareholder, Tetra Laval (the Rausing family), which provides long-term institutional stability. Other key leadership includes Jan Debruyn, who was appointed President of North America in May 2026 to spearhead regional industrial modernization and energy transition initiatives.