Hamilton Sundstrand Acquires Spain-Based Marelli Pumps
Hamilton Sundstrand, a subsidiary of United Technologies Corp., has acquired privately held Marelli Pumps, a leader in the design and manufacture of heavy duty centrifugal pumps. Terms of the deal were not disclosed.
Marelli, based in Illescas, Toledo, Spain, supplies a wide range of centrifugal pumps for customers in the oil, petrochemical, chemical, industrial process, water and firefighting industries. It has approximately €30 million in annual sales and operates in Spain, Southern Europe and the Middle East. It will become part of Sundyne, one of Hamilton Sundstrand s three industrial companies.
"We are extremely pleased to have Marelli, and its 150 employees, join the Hamilton Sundstrand Industrial team," said Stephen Oswald, president of Hamilton Sundstrand s Industrial division. "This acquisition expands the oil and gas product offering to our customers and provides opportunities to expand Marelli geographically."
The Hamilton Sundstrand Industrial division includes Milton Roy, Sundyne and Sullair.
Headquartered in Arvada, Colo., Sundyne Corp. is a leading global manufacturer of engineered pumps and compressors serving process industries worldwide.
About Hamilton Sundstrand
With 2007 revenues of $5.6 billion, Hamilton Sundstrand employs approximately 19,000 people worldwide and is headquartered in Windsor Locks, Conn. Among the world’s largest suppliers of technologically advanced aerospace and industrial products, the company designs, manufactures and services aerospace systems and provides integrated system solutions for commercial, regional, corporate and military aircraft. It also is a major supplier for international space programs.
United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries.
Source: United Technologies Corporation