News Releases

Acquisition of Pump Company Hidrotecar S.A. Completed

(13/01/2012, News Release)

Strengthening activities in water markets

The announced acquisition of the privately owned pump company Hidrotecar S.A. in Burgos, Spain, was completed on January 10, 2012. The acquired company achieved sales of EUR 13 million (approximately CHF 16 million) in 2010; it employs about 50 people. With this acquisition, Sulzer Pumps is adding complementary products to its product range and reinforcing its presence in the attractive water markets in Europe, the Middle East, and Africa.

With this acquisition, Sulzer Pumps is further enhancing its footprint in Europe with a new manufacturing, assembly, and service facility mainly serving water customers in Europe, the Middle East, and Africa. In addition, the transaction will allow Sulzer Pumps to further strengthen the aftermarket presence for its customers in the water segment.

Sulzer Pumps develops and supplies centrifugal pumps worldwide. Intensive research and development in fluid dynamics, process-oriented products, and special materials as well as reliable service help the division maintain its leading positions in its key markets. The division’s customers come from the oil and gas, hydrocarbon processing, power generation and water and wastewater sectors as well as from the pulp and paper market and other general industries.