Sulzer: Acquisition of Pump Company Hidrotecar S.A. Completed
The announced acquisition of the privately owned pump company Hidrotecar S.A. in Burgos, Spain, was completed on January 10, 2012.
The acquired company achieved sales of EUR 13 million (approximately CHF 16 million) in 2010; it employs about 50 people. With this acquisition, Sulzer Pumps is adding complementary products to its product range and reinforcing its presence in the attractive water markets in Europe, the Middle East, and Africa.
With this acquisition, Sulzer Pumps is further enhancing its footprint in Europe with a new manufacturing, assembly, and service facility mainly serving water customers in Europe, the 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.