Today, the Swiss Financial Market Supervisory Authority (FINMA) published a statement regarding its investigation in the stake building in Sulzer shares from late 2006 until early 2007. The statement is available at www.finma.ch.
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In accordance with the ordinance of the Takeover Chamber of the Swiss Federal Banking Commission (SFBC) dated 29 May 2008, Rz (40) to (50), the Renova Group and Sulzer Ltd are to be considered a group for the purpose of disclosures of shareholdings within the meaning of Art. 15 SESTO-FINMA.
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Sulzer further increased its order intake with an adjusted¹ growth of 10.1% (nominal 1.5%) to
CHF 4 116.6 million in 2008. The order intake was primarily driven by the strong double-digit growth of Sulzer Pumps. The negative currency translation impact was significant, while acquisitions had only a negligible effect. The last months of the year showed a clear weakening in the relevant Sulzer markets. For 2009, o...
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In compliance with the Swiss Federal Act on Stock Exchanges and Securities Trading and the associated ordinances, Fidelity International notified Sulzer Ltd about its changed holding.
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Sulzer Chemtech has signed on December 19, 2008 an agreement to acquire the TowerTech companies based in Australia, Thailand, and Singapore for a purchase price of AUD 11 million (CHF 8 million). Subject to the fulfillment of certain contractual conditions, the closing of the acquisition is expected in January 2009. TowerTech averages a turnover of approximately AUD 10 million (CHF 7.5 million). With this acquisition, Sulzer C...
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Sulzer has completed the acquisition of Capime, the privately owned turbo machinery service-provider based in Argentina, which was first announced in August.
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In compliance with the Swiss Federal Act on Stock Exchanges and Securities Trading and the associated ordinances, Fidelity International notified Sulzer Ltd about its changed holding.
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Sulzer reports a high order intake of CHF 3 330.9 million for the first nine months of 2008. This represents an adjusted¹ increase of 13.1% and a nominal growth of 4.8% compared with the same period in the previous year. The order intake increase was driven by Sulzer Pumps, which achieved strong double-digit growth in the first nine months of 2008. The outlook for the full year 2008 remains positive, despite the cur...
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Sulzer announced today that it is the first company to negotiate and sign a Strategic Corporate Procurement Agreement (CPA) with Saudi Aramco, the world's largest oil producing company. The agreement was signed in the Kingdom of Saudi Arabia by Ton Büchner, CEO Sulzer and Kim Jackson, President Sulzer Pumps.
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Sulzer has signed an agreement to acquire the privately owned turbomachinery service-provider Capime. The company is based in Argentina and serves customers across South America. It achieved sales of approximately CHF 13 million in 2007 and employs around 90 persons. With this acquisition, Sulzer Turbo Services will expand its business in South America and strengthen the platform for further growth in that region.
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