Sulzer acquires weld overlay company Interweld
Sulzer has agreed to acquire the business of Belfast, Northern Ireland-based InterWeld, a specialized weld overlay company that offers corrosion/erosion solutions to the oil and gas, power, and pulp and paper industries.
This acquisition will enhance the company’s Chemtech division and increase the competitiveness of its tower field service activities, providing cladding solutions to high value industries in a wide range of challenging environments such as the subsea oil and gas, petrochemical, waste to energy and biomass along with pulp and paper mills.
Chemtech’s offering of welding solutions designed to enhance the lifespan of critical components within the power industry will increase, reducing downtime, lowering maintenance costs and improving revenue streams.
The integration will start after closing, which is expected in the beginning of 2015. All employees will be retained, ensuring ongoing customer dedication in the weld overlay marketplace.
Sulzer, headquartered in Winterthur, Switzerland, specializes in pumping solutions, rotating equipment maintenance and services as well as separation, reaction and mixing technology. The company is a leading provider in its key markets: oil and gas, power and water.
Related News
- Technip Energies awarded detailed engineering contract for Thailand’s first CCS project
- Michelin, IFPEN and Axens announce successful progress in BioButterfly™ R&D project to produce biobased butadiene from bioethanol
- SK Energy secures in-house access to feedstock to create Korea's first vertical integration for waste plastics recycling
Comments