Laval, Quebec

Alfa Laval acquires a stake in AMI Global

Thursday, January 14, 2021 - 7:49am

AMI Global is a portfolio company of Cimbria Capital, which is a private equity firm based in the United States and Scandinavia.

Key Points: 
  • AMI Global is a portfolio company of Cimbria Capital, which is a private equity firm based in the United States and Scandinavia.
  • The 20 percent stake will enable Alfa Laval to further strengthen its competence in IoT technologies.
  • "We consider Alfa Laval to be an ideal business partner for the next chapter of AMI due to a strong commercial and cultural fit between the two companies," states Henrik Skov Laursen, CEO of AMI Global.
  • "Alfa Laval's investment in AMI shows the importance of digital transformation and proves Alfa Laval's commitment in first-rate technology innovation."

Alfa Laval adapts the organization to changing market fundamentals

Wednesday, December 16, 2020 - 12:03pm

LUND, Sweden, Dec. 16, 2020 /PRNewswire/ -- Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - announces the launch of global restructuring program to address structural imbalances and accelerate the digital transformation.

Key Points: 
  • LUND, Sweden, Dec. 16, 2020 /PRNewswire/ -- Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - announces the launch of global restructuring program to address structural imbalances and accelerate the digital transformation.
  • As announced in connection with the third quarter report, Alfa Laval will adapt the organization to changing market fundamentals.
  • A targeted restructuring program is being launched, mainly addressing structural imbalances in specific parts of the upstream Oil and Gas business as well as part of the Marine business.
  • In addition, the program will further drive the competence shift required in light of the accelerated pace of digitalization.

Teamsters Canada Statement on Federal Economic Update

Monday, November 30, 2020 - 9:51pm

LAVAL, Quebec, Nov. 30, 2020 (GLOBE NEWSWIRE) -- The national president of Teamsters Canada, Franois Laporte, made the following comments regarding todays federal economic update:

Key Points: 
  • LAVAL, Quebec, Nov. 30, 2020 (GLOBE NEWSWIRE) -- The national president of Teamsters Canada, Franois Laporte, made the following comments regarding todays federal economic update:
    Faced with an unprecedented crisis, Teamsters Canada is pleased to see the government continue to take unprecedented measures.
  • We welcome news of support for the air travel, tourism and hospitality sectors, which have been hit hard by border closures.
  • Teamsters represent close to 125,000 workers across Canada.
  • The International Brotherhood of Teamsters, with which Teamsters Canada is affiliated, has 1.4 million members in North America.

Alfa Laval's Capital Markets Day - the growth journey ahead

Wednesday, November 25, 2020 - 2:42pm

LUND, Sweden, Nov. 25, 2020 /PRNewswire/ -- Alfa Laval today hosted its 2020 Capital Markets Day.

Key Points: 
  • LUND, Sweden, Nov. 25, 2020 /PRNewswire/ -- Alfa Laval today hosted its 2020 Capital Markets Day.
  • The presentation by Jan Allde started by taking a deep-dive into Alfa Laval's three divisions.
  • He elaborated on specific growth areas within each division and how Alfa Laval is well positioned to capture the opportunities ahead both from an industry and technological perspective.
  • Tom Erixon laid out Alfa Laval's strategic positioning to capture the long-term growth opportunities driven by a number of global mega trends.

Alimentation Couche-Tard to Release its Second Quarter Results for Fiscal Year 2021 on November 24, 2020

Saturday, November 14, 2020 - 2:17am

LAVAL, QC, Nov. 13, 2020 /PRNewswire/ - Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD.A) (TSX:ATD.B) will release its financial results for the second quarter of its fiscal year 2021 on Tuesday, November 24, 2020, after the closing of the TSX.

Key Points: 
  • LAVAL, QC, Nov. 13, 2020 /PRNewswire/ - Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD.A) (TSX:ATD.B) will release its financial results for the second quarter of its fiscal year 2021 on Tuesday, November 24, 2020, after the closing of the TSX.
  • CoucheTard will hold a conference call on Wednesday, November 25, 2020, at 8:00A.M.
  • (EST) to present its financial results for the second quarter of its fiscal year 2021.
  • Financial analysts, investors, media and any individuals interested in listening to the webcast on Couche-Tard's results, which will take place online on Wednesday, November 25, 2020, at 8:00A.M.

Teamsters Ratify 5-Year Collective Agreement with UPS Canada

Friday, November 6, 2020 - 5:42pm

LAVAL, Quebec, Nov. 06, 2020 (GLOBE NEWSWIRE) -- A new 5-year collective agreement was ratified by a large majority of frontline workers at UPS Canada today.

Key Points: 
  • LAVAL, Quebec, Nov. 06, 2020 (GLOBE NEWSWIRE) -- A new 5-year collective agreement was ratified by a large majority of frontline workers at UPS Canada today.
  • This comes after five months of intense negotiations between the company and the Teamsters who represent over 9,300 workers at UPS.
  • This recognizes the critical role they have been playing in the supply chain since the outbreak of this crisis, said the national president of Teamsters Canada, Franois Laporte.
  • The International Brotherhood of Teamsters, with which Teamsters Canada is affiliated, has 1.4 million members in North America.

STL wins AQTr Excellence Award for its online bus crowdedness estimator

Friday, November 6, 2020 - 12:02pm

LAVAL, QC, Nov. 6, 2020 /CNW Telbec/ - Yesterday, the Socit de transport de Laval (STL) was presented with the award during a virtual gala hosted by the Association qubcoise du transport (AQTr) for its online tool that tells riders how crowded their bus should be.

Key Points: 
  • LAVAL, QC, Nov. 6, 2020 /CNW Telbec/ - Yesterday, the Socit de transport de Laval (STL) was presented with the award during a virtual gala hosted by the Association qubcoise du transport (AQTr) for its online tool that tells riders how crowded their bus should be.
  • take an earlier or later bus, get on or off at a different bus stop, use another bus route nearby, etc.
  • STL buses have been equipped with GPS technology and passenger counters for years, which record on a daily basis how many passengers are on the bus at each stop, for each bus route, at each scheduled bus time.
  • The STL's regular bus network consists of 47 routes, some 2,700 stops and covers over 1,500 kilometres across the Laval territory.

Invitation to Alfa Laval's Capital Markets Day, November 25

Wednesday, November 4, 2020 - 8:21am

LUND, Sweden, Nov. 4, 2020 /PRNewswire/ -- Alfa Laval invites analysts, professional investors, and media to its Capital Markets Day 2020, which will be a digital event on November 25.

Key Points: 
  • LUND, Sweden, Nov. 4, 2020 /PRNewswire/ -- Alfa Laval invites analysts, professional investors, and media to its Capital Markets Day 2020, which will be a digital event on November 25.
  • It contains four main parts and will start at 14:00 CET and end at approximately 16:00 CET.
  • Tom Erixon, President and CEO will follow and give an overall picture of the Alfa Laval group transformation and growth journey.
  • When you have registered you will receive a confirmation by e-mail and approximately one week before the event you will receive your personal link to participate in the AlfaLaval Capital Markets Day 2020.

Final result of Alfa Laval's recommended public tender offer for all shares in Neles; Alfa Laval will not complete the tender offer

Wednesday, November 4, 2020 - 7:15am

Final result of Alfa Laval's recommended public tender offer for all shares in Neles; Alfa Laval will not complete the tender offer

Key Points: 
  • Final result of Alfa Laval's recommended public tender offer for all shares in Neles; Alfa Laval will not complete the tender offer
    Alfa Laval AB (publ), 4 November 2020 at 8:00 a.m. CET
    As previously announced, Alfa Laval AB (publ) ("Alfa Laval" or the "Offeror") and Neles Corporation ("Neles") have on 13 July 2020 entered into a combination agreement pursuant to which Alfa Laval has made a voluntary recommended public cash tender offer for all issued and outstanding shares in Neles (the "Tender Offer").
  • As the said condition has not been fulfilled, the Offeror has decided not to complete the Tender Offer.
  • For that reason, Alfa Laval has decided to withdraw the public tender offer.
  • INVESTORS SHALL ACCEPT THE TENDER OFFER FOR THE SHARES ONLY ON THE BASIS OF THE INFORMATION PROVIDED IN A TENDER OFFER DOCUMENT.

Alfa Laval supplements the tender offer document dated 12 August 2020 regarding the recommended public cash tender offer for all shares in Neles

Wednesday, October 21, 2020 - 2:35pm

Alfa Laval has published a tender offer document, dated 12 August 2020, concerning the Tender Offer (the "Tender Offer Document").

Key Points: 
  • Alfa Laval has published a tender offer document, dated 12 August 2020, concerning the Tender Offer (the "Tender Offer Document").
  • Alfa Laval AB (publ), 21 October 2020 at 3:00 p.m. CEST
    As previously announced, Alfa Laval AB (publ) ("Alfa Laval" or the "Offeror") and Neles Corporation ("Neles") have on 13 July 2020 entered into a combination agreement pursuant to which Alfa Laval has made a voluntary recommended public cash tender offer for all issued and outstanding shares in Neles (the "Tender Offer").
  • Alfa Laval has published a tender offer document, dated 12 August 2020, concerning the Tender Offer (the "Tender Offer Document").
  • The Finnish Financial Supervisory Authority has today approved a supplement to the Tender Offer Document (such supplement hereinafter the "Supplement Document").