On November 25, 2016, Sulzer entered into exclusive discussions with Moret Industries to acquire the pump manufacturer Ensival Moret, a part of Moret Industries. The enterprise value for the proposed transaction is EUR 80 million (CHF 85 million).

Ensival Moret (EM), whose main manufacturing facilities are based in Saint Quentin, France, and Thimister, Belgium, achieved sales of EUR 115 million (CHF 123 million) in 2015 and has currently about 730 employees. EM also operates manufacturing facilities in Brazil and China, as well as multiple service centers across the globe. EM offers a wide range of industrial pumps with leading positions in a broad range of industrial applications such as fertilizers, sugar, mining, and chemicals.

The proposed transaction allows Sulzer to close specific product gaps in its general industry pumps portfolio – such as axial flow pumps. Combining the complementary product portfolios enables Sulzer to become a full line supplier in most industrial process applications. The business will be fully integrated into Sulzer’s Pumps Equipment division and will generate significant synergies by leveraging scale and cross-selling opportunities.

The proposed transaction will be submitted to the relevant workers’ councils. It will be subject to customary closing conditions and closing is expected in the second quarter of 2017.

César Montenegro, President Pumps Equipment division, said: “We are very excited with the proposed acquisition of Ensival Moret and are looking forward to welcoming its employees to the Sulzer family. Together we can grow stronger in our general industry business by serving our customers’ process needs.”

About Sulzer

Sulzer, headquartered in Winterthur, Switzerland, since 1834, specializes in pumping solutions, rotating equipment maintenance and services as well as separation, reaction, and mixing technology. The company creates reliable and sustainable solutions for its key markets: oil and gas, power, and water. Sulzer serves customers around the world through a network of over 170 production and service sites, and it has a strong footprint in emerging markets. In 2015, the company achieved sales of roughly CHF 3 billion with around 14 000 employees.

About Ensival Moret

With a hundred-year experience in the design and manufacturing of industrial pumps, Ensival Moret is a world-famous supplier whose know-how is internationally recognised. Renowned for its reliable technical solutions and high quality products, Ensival Moret supplies a wide range of industrial pumps for meeting all industrial requirements, even the most specific ones with difficult pumping conditions.