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  • Sulzer Signs Agreement for Divestment of its Sulzer Metco Division to Oerlikon
    édité le 31/01/2014 - Plus de news de "SULZER" - Voir la fiche entreprise de "SULZER"


Sulzer Signs Agreement for Divestment of its Sulzer Metco Division to Oerlikon
Sulzer has signed an agreement with Oerlikon for the divestment of its Sulzer Metco division. The transaction is based on an enterprise value of CHF 1 billion.
Sulzer expects cash proceeds after taxes of approximately CHF 850 million from the deal. The divestment agreement is subject to merger control and regulatory approval. Closing is expected in the third quarter 2014.

Sulzer CEO Klaus Stahlmann said: “We are pleased that we have found a new owner for the Sulzer Metco division that will leverage the strengths of the business in the best possible way. This transaction is an important step to focus Sulzer’s activities on the three attractive key markets oil and gas, power, and water. Sulzer wants 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.”

Sulzer Metco, with sales of almost CHF 700 million in 2012 and around 2 400 employees, is a leading surface solutions provider with a global presence. The business achieves about half of its sales in the transportation markets and about one-third in general industries.

After the divestment, almost 80 percent of Sulzer’s sales will be in the three key markets oil and gas, power, and water. Sulzer intends to use the funds generated from the divestment for targeted acquisitions and further investments toward organic growth in these key markets.

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.


Origine : Communiqué SULZER

Voir la fiche entreprise de "SULZER"



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