IN FOCUS

After 18 years as head of Cardo’s Pump business area, Hans Borneson has decided to leave his post. He will be assisting Cardo’s group management team on a part-time basis in, for instance, acquisition matters primarily concerning the pump operation.

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.

Sanitaire Corporation, which became a part of ITT Flygt in January 1999, will supply over 100,000 diffusers and 96 large ABJ stainless steal decanters over an eight month period, beginning in April 2001, at a value of over US$12.5 million. The process equipment requires minimum maintenance, and enables plant personnel to observe effluent quality at all times, it also provides emergency overflow control and a uniform rate of discharge.

Operating profit reached 37 MSEK (same as last year ) thanks to the good development of sales of cost-effective pumps, mixers and aerators to the Water and Waste water segment. Invoiced sales for the first quarter of 2000 increased to 571 Million Swedish Crowns (last year 538).

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).