Sulzer Eyes Acquisition of Weir Pump Lines

Sulzer is considering the acquisition of selected pump lines of The Weir Group PLC, Glasgow, Scotland. These belong to Weir Pumps Ltd., a business unit within Weir Group's Clear Liquid division. The pump lines generate annual sales of around CHF 170 million (GBP 70 million).

The business unit Weir Pumps develops and manufactures its pump lines and associated spare parts in Scotland. The main segments served are oil and gas as well as power generation. Sulzer Pumps intends to broaden its product portfolio with these pump lines. In the event of successful negotiations, the acquisition will be signed in the first quarter of 2007 and closed in the second quarter of this year subject to regulatory approval.

In the case of an agreement, Sulzer Pumps will evaluate options to exploit synergies within its factory network. In any case, the company intends to establish an engineering and sales presence as well as a spare-parts manufacturing facility in the Glasgow area.

Sulzer was founded in 1834 in Winterthur, Switzerland, and today is active in machinery and equipment manufacturing and surface engineering at over 120 locations worldwide. The core divisions are global leaders in their respective customer segments, which include the oil and gas, chemical process, power generation, pulp and paper, automotive, and aerospace industries.