IN FOCUS

The acquisition by Sulzer of the pump business of Ahlstrom Corporation, Helsinki, Finland has now been finalized. The parties have completed negotiations and agreed to a takeover price of EUR 160 million (about CHF 250 million). The transaction has also been approved by the antitrust authorities.

Sulzer has acquired the pump activities of the A. Ahlstrom Corporation, Helsinki. Final closing is expected in mid May, subject to approval of the regulatory and antitrust authorities. This strategic acquisition gives Sulzer a leading position in pumps for the pulp and paper industry. Sulzer Pumps sales will rise thereby from EUR 445 million (CHF 710 million) to EUR 580 million (CHF 930 million). Personnel will increase by 1000 to about 5000 employees in total. The purchase price is approximately EUR 145 million (CHF 230 million).

Denmark-Finland. As from May 1 2000, Sarlin Pumps of Finland will be taken over by the Grundfos pump manufacturing Group, reaffirming its strategic objective of becoming a leading player within the waste-water pump business.

A contract confirming the purchase has been signed. In the future the Sarlin Group will focus on the business areas of Beamex, Sarlin Furnaces, Sarlin-Hydor, and Sarlin Automation.

Sarlin Pumps bring to their new owner complementary waste-water products, service, and competence, making Grundfos the natural choice for customers, including wholesalers, utility companies, and contractors looking for complete pumping solutions in the framework of waste-water pumps sized up to 600 kW.

Sweden. At the turn of the year Grundfos’ Swedish sales company took over all shares and activities of JL Pump Co AB with workshop and offices in Gothenburg as well as a branch office in Stockholm.

Neuwiese/Dortmund. The Wilo GmbH, one of the leading European pump manufacturers, hands over its district heating business to PEWO Energietechnik GmbH (a company of the TA Triumph-Adler AG group).