Acquisition Sulzer to Strengthen its Position in Service Activities
With the acquisition of the business of Interweld, Sulzer’s Chemtech division will enhance the competitiveness of its tower field service activities by adding the offering of a full range of automated weld overlay services to the oil and gas as well as the power market.
Winterthur/Switzerland – Sulzer has agreed to acquire the business of Interweld, located in Belfast, Northern Ireland. Interweld is a specialized weld overlay company, offering corrosion/erosion solutions to the power industry, particularly power generation, the oil and gas as well as pulp and paper industry. The company generates sales in a single-digit million range Swiss Francs (CHF).
With a global client base, a skilled team provides cladding solutions to high value industries in a wide range of challenging environments, such as the sub sea oil and gas, petrochemical, waste to energy and biomass along with pulp and paper mills. It will clearly enhance Chemtech’s offering of welding solutions which are designed to enhance the lifespan of critical components within the power industry, reducing downtime, lowering maintenance costs and improving revenue streams.
The integration will start after closing, which is expected beginning of 2015. All employees will be retained, assuring ongoing customer dedication in the weld overlay marketplace.