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Alfa Laval signs an agreement to acquire the cryogenics business from the French group Fives

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LUND, Sweden, March 21, 2025 /PRNewswire/ — Alfa Laval today announces that it has signed a binding put-option agreement to acquire the Fives Cryogenics business unit, part of Fives Group, for a total fixed purchase price of EUR 800 million on a cash and debt-free basis. Fives Cryogenics is a world-leading expert in cryogenic heat transfer and pump technologies, headquartered in France. The proposed acquisition remains subject to consultation with the relevant works councils, after which the parties expect to enter into a definitive purchase agreement. This proposed acquisition would provide Alfa Laval with a strong portfolio of heat transfer and pump products for gas liquefaction.

Cryogenic technologies are crucial both for traditional gases like LNG and for emerging gas applications like hydrogen and carbon capture. Fives Cryogenics has more than 60 years of experience designing and manufacturing cryogenic heat exchangers and pumps for gas liquefaction. The company holds a strong position in the world market with manufacturing facilities in France, China and Switzerland. Fives Cryogenics employs more than 700 people and in 2024 had revenue of approximately EUR 200 million. Looking forward, the company is expected to generate revenue of EUR 200-250 million and be neutral to positive to the Alfa Laval group margin.

“By adding cryogenic technologies to the Alfa Laval portfolio, we would expand our capabilities to move energy efficiency and the energy transition forward,” says Tom Erixon, President and CEO, Alfa Laval. “We believe that Fives Cryogenics would be an excellent addition to Alfa Laval, and we see strong potential in the business and key synergies between Fives Cryogenics’ deep technological expertise in cryogenics and Alfa Laval’s strong position in the global gas market. We plan to continue to invest in capabilities and growth in the next few years, especially in the key production facility in Golbey, France.” 

“In the next growth phase, building on the investments realized and committed by the Fives Group, Fives Cryogenics would be well served by belonging to an industrial group with deep knowledge of the technology and a global presence in the future growth areas. With Alfa Laval, Fives Cryogenics would have a strong owner who I know would develop the company and the team further,” says Frédéric Sanchez, CEO of the Fives Group.

From an organizational perspective, the cryogenic business would be part of Alfa Laval’s Energy Division and operate as a new separate business unit.

Closing of the transaction is subject to the necessary regulatory approvals and is expected during 2025. The all-cash transaction will be funded by existing liquidity and debt financing. Jefferies acts as financial advisor to Alfa Laval, while White & Case acts as legal advisor.

This is information that Alfa Laval AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at CET 07:30 on 21 March 2025.

Contacts
Johan Lundin
Head of Investor Relations, Alfa Laval
Mobile: +46 730 46 30 90
johan.lundin@alfalaval.com

Sara Helweg-Larsen
Head of Communications, Alfa Laval
Mobile: +46 730 35 80 98
sara.helweglarsen@alfalaval.com

This is Alfa Laval

The ability to make the most of what we have is more important than ever. Together with our customers, we’re innovating the industries that society depends on and creating lasting positive impact. Alfa Laval is a leading global provider of first-rate products in the areas of heat transfer, separation and fluid handling. We’re set on helping billions of people to get the energy, food, and clean water they need. And, at the same time, we’re decarbonizing the marine fleet that is the backbone of global trade.

We pioneer technologies and solutions that enable our customers to unlock the true potential of resources. As our customers’ businesses grow stronger, the goal of a truly sustainable world edges closer. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets. Together, we’re pioneering positive impact.

Alfa Laval was founded 140 years ago, has customers in 100 countries, employs more than 22,300 people, and annual sales were SEK 66.9 billion (5.8 BEUR) in 2024. The company is listed on Nasdaq Stockholm. 
www.alfalaval.com

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Alfa Laval signs an agreement to acquire the cryogenics business from the French group Fives Corporate press release 2025-03-21

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SOURCE Alfa Laval

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X-Sense Spotlights Smart Smoke Alarm Tech at FSE 2025: Voice Alerts & Hybrid Interconnectivity

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BIRMINGHAM, England, April 1, 2025 /PRNewswire/ — X-Sense, a leading global smart home safety brand, is showcasing its latest solutions at the Fire Safety Event (FSE) 2025, April 8–10 at NEC Birmingham. At Booth 4/C112, the company is featuring two key products: a smart smoke alarm with voice alerts and a hybrid interlinked model with a detachable RF module.

X-Sense will also present a broader portfolio, including CO detectors, home security systems, and other smart sensors. These solutions are trusted by users and certified by TÜV, BSI, CE, and UKCA.

“We are committed to continuous innovation in the home safety space, striving to lead the industry with smart, breakthrough technologies that make protection simpler for everyone.” — the CEO of X-Sense

Wireless Smoke Alarm with Voice Alerts: X-Sense XS0B-MR

X-Sense XS0B-MR speeds emergency response with clear voice prompts like “Smoke detected in the bedroom,” helping children and the elderly react faster than they might to traditional sirens. Retailing at €29.99, it supports wireless interconnection across multiple units and integrates with the X-Sense Home Security App through the SBS50 gateway, enabling remote monitoring and alert sharing.

Hybrid Interlinked Smoke Alarm with RF Module: X-Sense XS0F

Exclusively sold in brick-and-mortar stores, the XS0F is ideal for both new installations and retrofit projects. It supports hybrid interconnection using existing mains wiring and its removable RF module—offering expanded coverage and greater flexibility for complex environments.

Both devices are backed by X-Sense’s growing local infrastructure to better serve customers across Europe.

European Local Support

X-Sense has opened a new regional office and warehouses in Germany, ensuring faster delivery, local technical support, and better service for European distributors and installers—strengthening its long-term commitment to the market.

About X-Sense

Founded in 2013, X-Sense is a leader in smart home safety, offering advanced smoke alarms, CO detectors, and safety sensors. With over 15 million units sold, the company continues to innovate through enhanced R&D to deliver smarter, simpler protection. All products undergo rigorous third-party testing by TÜV and BSI, underscoring X-Sense’s commitment to making reliable home safety accessible worldwide.

www.x-sense.com

Distributor Partnership

Join X-Sense’s distributor partnership for innovative safety solutions and strong incentives: https://www.x-sense.com/pages/partnerships

Contact Information

Distribution Partnerships
Richard, Sales Executive
partners@x-sense.com 

Media Relations
May Young, PR Manager
may@x-sense.us 

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Stripe OLT Leads the Way, as First Organisation Globally to Meet Updated CREST SOC Standards

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LONDON, April 1, 2025 /PRNewswire/ — With cyber-attacks rising and security teams under increasing pressure, the industry needs a clear way to distinguish between providers who claim to offer advanced security and those who can prove it. That’s exactly what CREST’s newly developed, SOC Accreditation delivers—a rigorous test of an organisation’s ability to detect, investigate, and respond to modern cyber threats.

Stripe OLT has officially become the first company in the world to pass the newly developed, CREST SOC Accreditation, reinforcing its position as a leader in Security Operations Centre (SOC) services and proving that its SOC is built to tackle today’s most sophisticated threats.

Why This Matters Right Now

The timing couldn’t be more critical. Ransomware is at an all-time high, supply chain attacks are disrupting industries, and regulatory expectations are tightening. Organisations are no longer able to simply claim they have strong security—they must prove it. That’s where independently verified accreditations like CREST’s Accreditation come in, ensuring providers meet the highest standards.

A New Benchmark for Security Operations

Ryan Pullen, Director at Stripe OLT, explains:

“SOC providers must be held to a higher standard. Businesses rely on us as their frontline defenders—their eyes and ears against cyber threats. This accreditation isn’t just a box-ticking exercise; it’s proof that we’re delivering the level of security today’s threat landscape demands.

For any SOC considering this certification, the CREST SOC 2.0 framework provides a clear, structured roadmap for building a mature and resilient security practice. Even the process of aligning with its standards strengthens operations, ensuring providers can offer clients a higher level of protection.

We’re incredibly proud to be the first global provider to achieve this certification—it’s a testament to our team’s commitment to excellence and always leading from the front.”

What This Means for Businesses

CREST’s accreditation process is designed to push SOC providers to the highest industry standards, ensuring they can effectively detect and respond to modern cyber threats. For businesses looking to outsource their security operations, working with a CREST-accredited SOC provider means one thing: confidence that their environment is being proactively monitored and protected to globally recognised standards.

Jonathan Armstrong, Head of Accreditation at CREST commented:

” The introduction of the new SOC Accreditation represents a significant enhancement in setting standards for Security Operations Centres globally. Stripe OLT’s achievement as the first organisation to attain this accreditation demonstrates their commitment to operational excellence and their ability to respond effectively to modern cyber threats. 

This accreditation is more than a benchmark, it reflects a dedication to delivering measurable security outcomes for clients operating in an increasingly complex threat landscape. We recognise Stripe OLT for their leadership and for playing a key role in shaping our new industry accreditation standard. “

Delivering Elite Security Operations, Designed with SMEs in Mind

For too long, SMEs have had to choose between affordability and high-quality security. Stripe OLT’s achievement proves that they don’t have to compromise.

As specialists in securing mid-sized businesses, Stripe OLT understands the unique challenges SMEs face—limited resources, increasing compliance demands, and an ever-evolving threat landscape.

By becoming the first provider to pass the newly developed, CREST SOC accreditation, Stripe OLT reinforces its commitment to delivering enterprise-grade security that is accessible, practical, and built specifically for SMEs.

For more on how Stripe OLT’s Managed Cyber Security Services can help businesses strengthen their security, visit stripeolt.com.

About Stripe OLT

From its offices in London, Bristol and Manchester, Stripe OLT provide 24/7 Managed Cyber Security services, Managed IT Support services and cutting-edge Microsoft solutions, actively supporting and protecting critical infrastructures in established organisations. With specialities across the Finance, Legal, Transport, Public Sector and Healthcare markets, Stripe OLT’s technology clients include The NHS Confederation, Rail Delivery Group (National Rail), Hargreaves Lansdown and MoneySuperMarket Group.

NOTES TO THE EDITOR

Any comments regarding this press release to be sent to Hannah Evenden-Morley, Head of Marketing, hannah.morley@stripeolt.comHeadquarters: Stripe OLT, 18 Hotwell Rd, Bristol, BS8 4UDLondon office: STRIPE OLT, 29 High Holborn, London, WC1V 6AZManchester office: Stripe OLT, 3 Hardman Square, Spinningfields, Manchester, M3 3EBWebsite: www.stripeolt.comStripe OLT specialise in secure, cloud Microsoft technology, providing Managed Cyber Security, Managed IT and Digital Transformation Services, throughout the UK.Their accreditations include: Microsoft Modern Work & Security Solutions Partner, CREST and ISO 27001.Stripe OLT’s technology clients include: Hargreaves Lansdown, MoneySuperMarket Group, Bristol Airport, Rail Delivery Group & The NHS Confederation.

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Synagistics and HKT Unveil ShopHK: Empowering Hong Kong SMEs and Enterprises To Target Southeast Asia’s Thriving E-commerce Market

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Tapping Southeast Asia’s USD 600 Billion E-Commerce Boom: Southeast Asia’s e-commerce market is projected to reach USD 295 billion in 2025 and on track to hit USD 600 billion by 2030, creating significant opportunities for Hong Kong brands seeking international expansion.AI-Powered, Seamless Cross-Border Solutions: ShopHK, www.synagie.com/shophk combines AI-powered Synagie’s SaaS and CaaS tech, over 50 on-demand digital commerce services and cross-border logistics. This is further enhanced by HKT’s client network, providing robust, end-to-end support for Hong Kong businesses.Expansion Goals: ShopHK aims to attract the 200,000 SMEs in Hong Kong currently actively seeking overseas expansion, targeting to onboard at least 500 brands by the end of this year.Try Now for Free. Take advantage of Synagie’s exclusive 30-day free trial from April 1 to April 15 2025.

HONG KONG and SINGAPORE, April 1, 2025 /PRNewswire/ — Synagie, the digital commerce arm of Synagistics Limited (HKEX: 2562.HK), has launched ShopHK with the support of HKT. ShopHK is a cutting-edge platform that enables Hong Kong brands to tap into Southeast Asia’s booming e-commerce market. ShopHK leverages Synagie’s AI-powered technology, 50+ on-demand services, cross-border logistics, and HKT’s client network to help businesses scale globally.

Seizing Southeast Asia’s USD 600 Billion E-Commerce Opportunity

Southeast Asia’s e-commerce market is poised for explosive growth, projected to reach approximately USD 295 billion in 2025 and on track to hit USD 600 billion by 2030. This is driven by the region’s tech-savvy population, rising incomes, and widespread smartphone ownership. Indonesia leads as the primary growth market with Vietnam, Thailand and the Philippines, expected to double their e-commerce market values by 2030.

ShopHK: Empowering Hong Kong Businesses to Expand Globally

“The Synagie-HKT collaboration is a game-changer for Hong Kong businesses looking to expand globally,” said Olive Tai, Co-Founder and CEO of Synagistics Limited. “As someone originally from Hong Kong, I’m especially proud of ShopHK’s mission, to help businesses of all sizes reach new customers in Southeast Asia.

She added, “Hong Kong’s SME sector is known to be incredibly diverse and vibrant. According to various surveys over 60%, or about 200,000 SMEs, in Hong Kong are actively seeking expansion overseas. The launch of ShopHK by Synagie, with the support of HKT, is a major step in supporting these Hong Kong SMEs to thrive in the Southeast Asian marketplace.”

ShopHK aims to onboard at least 500 brands by the end of 2025. To encourage businesses to try the program and experience the benefits of the platform, Synagie is offering an exclusive 30-day free trial from 01 Apr – 15 Apr 2025.

Synagistics first made history in Hong Kong in 2024 as the first successful De-SPAC listing on the Hong Kong Stock Exchange. In 2025, Synagistics launched Geene, an innovative AI platform that integrates Generative AI, Blockchain, and Big Data, establishing the company as a leader in enterprise AI innovation.

ShopHK is also proud to receive support from key organisations including the Hong Kong Science and Technology Parks Corporation (HKSTP), a close ecosystem partner and Hong Kong’s largest Innovation & Technology hub, home to over 2,200 pioneering tech companies.

“This partnership underscores our shared commitment to strengthening Hong Kong’s position as a global innovation gateway,” said Gladys Oon, Director of Partnerships and Account Management at HKSTP. “By aligning HKSTP’s vibrant tech community – especially Green-tech and Health-tech products and services – with ShopHK, we can accelerate cross-border growth for Hong Kong’s most promising tech startups and SMEs.

Rising Demand for Hong Kong Products in Southeast Asia

Discerning consumers across Southeast Asia’s are increasingly drawn to Hong Kong brands. According to a recent Hong Kong Trade Development Council (HKTDC) report, nearly 70% of online shoppers in the region have purchased Hong Kong-sourced products in the past year. Hong Kong brands are particularly popular among younger ASEAN consumers (ages 18-29), who value their affordability (35%), unique blend of Chinese and Western elements (33%), and trendiness (32%).

Ready Support and Early Adoption for ShopHK

The HKSAR Government has also recently announced plans in its 2024 Policy Address, to expand its E-Commerce Easy initiative to cover all ASEAN countries within Southeast Asia. This initiative, part of the BUD Fund, further facilitates SME growth by expanding into the 10-nation ASEAN bloc.

“The potential to reach millions of tech-savvy Southeast Asian consumers is incredible. We’re excited to be among the first local brands to join ShopHK,” said Joseph Tsang, Founder and Managing Director at FSL Group.

Henry Poon, Sales & Marketing Manager at On Kee Dry Seafood Co. Ltd, another early brand adopter of ShopHK, added “As a Hong Kong-based brand with a strong local presence, expanding into Southeast Asian markets has always been a priority for us. ShopHK’s affordable, no-fuss and one-stop platform provides the tools and solutions for us to scale our business rapidly across Southeast Asia.”

Ready to take your Hong Kong Brand Global?

Visit www.synagie.com/shophk today to join ShopHK and start your digital commerce expansion into one of the world’s fastest growth markets.

About Synagistics Limited (HKEX: 2562.HK)

Synagistics is a Singapore-based AI & big data company listed on the Main Board of The Stock Exchange of Hong Kong Limited, recognised for completing the first-ever De-SPAC transaction in Hong Kong. With Alibaba, Gobi Partners and HKT as its key strategic shareholders, Synagistics benefits from strong industry backing, enabling it to drive innovation and expand its influence in Asia’s rapidly evolving digital ecosystem. Synagistics is recognised as one of the top digital solutions provider in Southeast Asia and has provided its data-driven digital commerce platform Synagie to over 600 enterprises and renowned brands in the Southeast Asian market. With the launch of Geene in early March 2025, Synagistics has firmly established itself as a frontrunner in the rapidly evolving field of artificial intelligence, solidifying its position as a key leader in the global Al ecosystem and accelerating enterprise Al adoption and innovation. The Company continues to expand its footprint across multiple markets including the Greater China region while championing digital and artificial intelligence transformation.

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SOURCE Synagistics Limited

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