The Sulzer technology group of Winterthur has announced it is to buy Cardo Flow Solutions of Malmö for SFr858 million ($934 million).
This content was published on
1 minute
swissinfo.ch and agencies
The Swedish company is a supplier of pumps and related equipment used mainly for wastewater applications.
Sulzer said in a statement on Thursday that water and waste water would become one of the group’s key businesses, accounting for about 16 per cent of total sales.
The group, perhaps best known in the past for its marine diesel engines, commented that its balance sheet would remain strong, allowing for more acquisitions.
The wastewater market offers strong growth prospects in both mature and emerging markets, driven by long-term trends such as population growth, increasing water consumption, urbanisation and environmental protection, the Sulzer statement said.
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Firms warn worst franc effects “yet to come”
This content was published on
The Swiss franc appreciated by 17 per cent against the euro during 2010 and reached parity with the dollar. While orders and productivity increased last year, margins were dangerously eroded as Swiss goods became more expensive abroad. The umbrella group for the mechanical and electrical engineering industries, Swissmem, reported some good news at its annual…
This content was published on
A court ruled that there was no proof to justify record SFr40 million ($40.6 million) fines levied by the Swiss finance ministry for each of the trio after the takeover of industrial company Oerlikon. The reputation of the finance ministry was further battered by its failure to send a lawyer to the two-day hearing in…
This content was published on
Vekselberg and two co-accused will fight the combined SFr120 million ($120 million) penalty at a court hearing starting on Wednesday. The verdict could have significant repercussions for the future regulation of share transactions. Experts say the result of the proceedings will test the credibility of the finance ministry as the guardian of fair stock market…
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.