Sulzer to Acquire Cardo Flow Solutions

Sulzer and Assa Abloy have signed an agreement with Cardo to acquire its Flow Solutions business for Skr5.9bn ($937m).

On completion of the transaction, the wastewater pumps business will be combined into Sulzer Pumps as an additional global business area, with the intention of further expanding the business geographically.

Sulzer CEO Ton Buchner said Cardo’s Flow Solutions business, with its complete pumping solutions for the wastewater market and its committed employees, provides an excellent strategic fit for Sulzer.

“With the intended acquisition of this strong supplier in the attractive wastewater pumps market, Sulzer will be able to benefit from the attractive long-term growth of this market,” said Buchner.

With this acquisition, Sulzer will enter the wastewater pump and related equipment market, accounting for 16% of total sales.

Cardo Flow Solutions is a supplier of pumps and related equipments.