ALSTOM AND LOGSTOR ROR sign an agreement for the sale of ALSTOM's Flowsystems Business

ALSTOM and LOGSTOR ROR Holding A/S have signed an agreement regarding the sale of ALSTOMs Flowsystems business to LOGSTOR. ALSTOM's Flowsystems Business is headquartered in Fredericia (Denmark) and has units in Sweden, Poland, Finland, Lithuania, Germany, Austria, France, Italy and Holland. FlowSystems is currently part of ALSTOM's Power Service Sector.

This operation is subject to its approval by the relevant competition authorities and therefore closing could be anticipated before the end of June.

Flowsystems manufactures and sells insulated pipe systems for district heating to approximately 40 countries and recorded sales of 150 million in 2004/05, mainly in Northern and Central Europe. It employs approximately 600 persons.

LOGSTOR manufactures and sells similar products and is headquartered in Løgstør (Denmark).