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News
Sulzer to Strengthen Tower Field Service Activities in Australia and Asia with Acquisition of TowerTech (22/12/2008, Media Release)
Sulzer Chemtech strengthens its position in service activities
Sulzer Chemtech has signed on December 19, 2008 an agreement to acquire the TowerTech companies based in Australia, Thailand, and Singapore for a purchase price of AUD 11 million (CHF 8 million). Subject to the fulfillment of certain contractual conditions, the closing of the acquisition is expected in January 2009. TowerTech averages a turnover of approximately AUD 10 million (CHF 7.5 million). With this acquisition, Sulzer Chemtech will expand its geographical presence as a leading specialized tower field service supplier.
TowerTech is a renowned specialist in tower field services with more than 20 years of experience, and is mainly active in Australia, Singapore, Thailand, and other Asian countries such as Indonesia, India, and Malaysia. Sulzer Chemtech, a global market leader for components and services for separation, mixing and cartridge technology, is present in all significant markets within the areas of sales, engineering, production, and customer support. As a main supplier of mass transfer components and tower field services, it is Sulzer Chemtech’s strategy, to strengthen its ability of supplying installation and maintenance services to its customers geographically.
This acquisition further enhances Sulzer Chemtech’s competence in the service business by combining the experience and best practices of both companies to even better serve customers on a worldwide basis.
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