Alfa Laval, Lund, Sweden, has acquired Air Cooled Exchangers LLC (ACE), Broken Arrow, Okla., a manufacturer of custom-engineered air-cooled heat exchangers used to cool air, natural gas, oil and water. The acquisition will provide the company with a new product range in its heat-transfer offering.

 According to Alfa Laval, ACE is expected to generate sales of approximately $55 million in 2012. Alfa Laval plans to integrate ACE into the company’s Energy & Environment segment within the Process Technology division.