Sulzer: Acquisition of Pump Company Hidrotecar S.A. Completed

17.01.2012

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.

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Sulzer and Siemens Large Drives Applications (LDA) are using their collective expertise to provide operators of large centrifugal pumps with an enhanced digital value proposition: Bringing together their respective IoT-platforms and services, BLUE BOX and SIDRIVE IQ, the two companies are collaborating to deliver an integrated solution that improves equipment reliability and cuts operations costs.

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