Sulzer Completes Acquisition of Nordic Water
The transaction was announced on January 11, 2021 and has been completed ahead of schedule.
The SEK 1.2bn (CHF 128m) transaction offers substantial value creation potential as Sulzer further expands its offering in the water treatment sector. The integration of the acquired business in Sulzer’s water business unit is expected to generate significant sales and aftermarket synergies, leveraging the scale of the combined businesses.
Frederic Lalanne, Division President Pumps Equipment, concludes: “Nordic Water brings a broad application suite of primary, secondary and tertiary water treatment solutions to Sulzer, and a deep understanding of water and wastewater treatment applications. Our complementary fit will result in a stronger value proposition to our municipal and industrial water customers and open up significant opportunities in growing our sales presence worldwide.”
Source: Sulzer Ltd.