Sulzer Chemtech further strengthens its position in service activities
Sulzer to Strengthen Tower Field Service Activities in Germany with Acquisition of Manfred Preu Kolonnenservice
On September 4, Sulzer Chemtech signed an agreement to acquire Manfred Preu Kolonnenservice in Germany. The purchase price is up to EUR 2.5 million (approximately CHF 3.8 million) depending on the future performance. Subject to the fulfillment of certain conditions, the closing of the acquisition is expected in September 2009. The annual sales of the business averaged approximately EUR 2.3 million (approximately CHF 3.5 million) over the past years. With this acquisition, Sulzer Chemtech will further expand its geographical presence as the leading global specialized tower field service provider.
Manfred Preu Kolonnenservice, based in Moers, Germany, is a recognized specialist in tower field services with more than 30 years of experience and is mainly active in Germany. Sulzer Chemtech, a global market leader for components and services for separation, mixing and cartridge technology, is present in all significant markets within the areas of sales, engineering, production, and customer support. As a main supplier of mass transfer components and provider of tower field services, it is Sulzer Chemtech’s strategy to strengthen its ability to supply installation and maintenance services to its customers in all geographic regions.
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