From Pump & Systems: Strengthening activities in water markets, 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 transaction is expected to be closed in January 2012 after fulfilment of customary conditions.
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Sulzer acquires pump company Hidrotecar S.A.