Sulzer Turbomachinery Services reaches agreement to acquire Enpro
Sulzer Turbomachinery Services agreed to acquire the US field service and repair company Enpro of New Orleans, Louisiana, USA. With around 120 employees, Enpro sales currently total about USD 21 million (CHF 35 million).
The geographical presence and customer portfolio ideally complements the existing activities of Sulzer Turbomachinery Services in the USA.
Enpro mainly serves chemical, ammonia, pipeline and oil & gas production industry customers throughout continental USA and Alaska. The company specializes in rotating equipment field service, equipment repair and trading of selected auxiliary equipment components. As Enpro is a privately owned company, the parties have agreed not to disclose the price of this transaction. The acquisition is subject to an approval by a federal agency in the USA.
According to Ton Büchner, head of Sulzer Turbomachinery Services: “The Enpro acquisition ideally fits our strategy of providing full-line, brand-independent services and products to end users of thermal turbomachinery, including long-term service agreements.”
Sulzer CEO Fred Kindle commented: “This is a further step in expanding the new Sulzer Corporation. Sulzer Turbomachinery Services operates in a very dynamic market with high growth potential. We plan to match this market growth not only organically, but also through acquisitions.”
Kristian J. Andersen, owner of Enpro: “In co-ordination with the extensive additional capabilities of Hickham Industries, Enpro can offer an expanded broad range of services from component repair and manufacturing to full fledge rotor repair/overhaul.”
Sulzer Turbomachinery Services is one of the world’s most comprehensive providers of independent repair, overhaul, and maintenance services for thermal turbomachinery. This briskly expanding division of the Sulzer Corporation includes Hickham Industries in the USA, Elbar and Sulzer Repco in the Netherlands, and PT Hickham in Indonesia. Sulzer Turbomachinery Services booked orders for CHF 206 million in 2001, 57% more than in prior year. The division employs about 800 people worldwide.
The Sulzer Corporation comprises the four core divisions Sulzer Metco (surface coating technologies and services), Sulzer Turbomachinery Services, Sulzer Pumps (pumping solutions including services), Sulzer Chemtech (chemical process components and technologies) and the venture division Sulzer Hexis (fuel cell systems). Order intake by these divisions in 2001 totalled CHF 1921 million (in 2000: CHF 1636 million). The restructured Sulzer Corporation now employs about 10 000 people worldwide.
