Today, Sulzer has signed an agreement to acquire the privately-owned pump company Hidrotecar S.A. in Burgos, Spain. The acquired company achieved sales of EUR 13 million (approximately CHF 16 million) in 2010 and employs about 50 co-workers. With this acquisition, Sulzer Pumps will add complimentary products to its products range and reinforce its presence in the attractive water markets in Europe, Middle East, and Africa. The...
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The board of directors of Sulzer has appointed Jürgen Brandt as Chief Executive Officer of Sulzer as of November 1, 2011, on an ad interim basis.

Jürgen Brandt will take over this position in addition to his role as Chief Financial Officer.
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In the first nine months of 2011, Sulzer received orders of CHF 2 647.1 million. This was an adjusted¹ increase of 16.5% (nominal increase of 8.2%) compared with the same period of the previous year. Order intake increased due to growth in early-cycle markets and larger orders in the oil and gas market in the first half of the year. Uncertainties in the financial markets have started to influence customer ordering b...
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The announced acquisition of Cardo Flow Solutions was completed on July 29, 2011. For a total cash consideration of SEK 5.9 billion (CHF 852 million), Sulzer acquired one of the leading suppliers of pumps and related equipment in the attractive wastewater market. In 2010, Cardo Flow Solutions generated approximately CHF 463 million in sales and an adjusted EBITDA of CHF 67 million, implying a 14.5% EBITDA margin. The business ...
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Sulzer had a strong start in 2011. Order intake increased significantly due to continued growth in early-cycle markets and recovering orders in some late-cycle markets. Sales and operating income increased substantially, and profitability improved compared with the first half of the prior year. The strong Swiss franc had a significant negative translation effect on absolute figures, while the company’s global presence again pr...
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Today, Sulzer has successfully launched a new CHF-denominated 2.25% domestic bond issue in the aggregate principal amount of CHF 500 million for a term of 5 years (due date July 11, 2016). The capital will be deployed as part of the financing of the acquisition of Cardo’s Flow Solutions business announced in April for a total cash consideration of SEK 5.9 billion (CHF 858 million¹).
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Ton Büchner, President and Chief Executive Officer of Sulzer, has decided to leave Sulzer in order to pursue a career opportunity outside the company. He will become the CEO of AkzoNobel, a coatings and specialty chemicals company, headquartered in Amsterdam, the Netherlands. Ton Büchner will leave Sulzer in the fourth quarter of 2011. A search process will start immediately, and his successor will be announced in due course.
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The acquisition of the privately-owned maintenance specialist C.L. Engenharia Ltda. in Brazil was closed as of beginning of June 2011.
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Sulzer today releases indicators for its social and ecological performance in 2010. The data were assessed by the external assurance company SGS and are available under www.sulzer.com/sustainability . Sulzer reduced the frequency of accidents by a further 20% to 4.4 cases per million working hours in 2010. Measures were initiated to improve energy efficiency. Starting this year, environmental pro...
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On April 15, 2011, Sulzer Chemtech acquired the privately-owned maintenance specialist C.L. Engenharia Ltda. in Brazil. The acquired company achieved sales of BRL 20.6 million (approximately CHF 11.7 million) in 2010. With this acquisition, Sulzer Chemtech will enhance the competitiveness of its tower field service activities in Brazil by adding the competencies of a local contractor with a skilled crew.
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