Sulzer has successfully completed the sale of its Metco division to Oerlikon. This sale was announced on January 31, 2014. The transaction is based on an enterprise value of CHF 1 billion. Sulzer’s net cash proceeds after all taxes will be approximately CHF 850 million.
Sulzer CEO Klaus Stahlmann said, “This transaction is an important step towards focusing Sulzer’s activities on three attractive key markets—oil and gas, power, and water. Sulzer intends to serve customers in its key markets as one focused company, achieving collaborative advantages and synergies across its businesses by leveraging its product portfolio, capabilities, and expertise.”

After the divestment, almost 80 percent of Sulzer’s sales are in the three key markets. Sulzer intends to use the funds generated from the divestment for targeted acquisitions and further investments towards organic growth in these pivotal markets.

Sulzer will report its midyear results 2014 on July 22, 2014 along with the results of Sulzer Metco as discontinued operations.

About Sulzer

Sulzer offers a broad range of products and services for a large variety of applications. Based on our deep understanding of industry needs, our long experience, strong technical competencies, and continuous innovation, we can provide you outstanding reliability and performance.
Experience how Sulzer helps to cover the global demand for oil and gas. Pumps for up-, mid- and downstream applications, separation and process technologies for downstream applications, as well as services for rotating equipment are key elements of our portfolio.

About Sulzer Metco

Sulzer Metco serves a number of industries with coating solutions, equipment, materials, services, and specialized components, worldwide. We provide solutions to our key markets, including power generation, aviation, automotive, and other industrial markets.

About Oerlikon

Oerlikon is a leading International brand owned by Air Liquide Welding. The brand has made a commitment to create value for customers throughout the world by bringing them innovative technologies, products and services in welding and cutting.