Sulzer Acquires Pump Company Hidrotecar S.A.
Sulzer has signed an agreement to acquire the privately-owned pump company Hidrotecar S.A. in Burgos, Spain.
The acquired company achieved sales of EUR 13 million (approximately CHF 16 million) in 2010 and employs about 50 co-workers. With this acquisition, Sulzer Pumps will add complimentary products to its products range and reinforce its presence in the attractive water markets in Europe, Middle East, and Africa. The transaction is expected to be closed in January 2012 after fulfilment of customary conditions.
With this acquisition, Sulzer Pumps further enhances its footprint in Europe with a new manufacturing, assembly and service facility mainly serving water customers in Europe, Middle East and Africa. In addition, the transaction will allow Sulzer Pumps to further strengthen the aftermarket presence for its customers in the water segment.
Sulzer Pumps develops and supplies centrifugal pumps worldwide. Intensive research and development in fluid dynamics, process-oriented products and special materials as well as reliable service help the division maintain its leading positions in its key markets. Its customers come from the oil and gas, hydrocarbon processing, power generation and water and wastewater sectors as well as from pulp and paper market and other general industries.
