Sulzer Completes Acquisition of Geka
Sulzer announces that it has completed the acquisition of Geka. Sulzer will immediately start to integrate Geka, thus assuring ongoing customer dedication and quality commitment.
Through this transaction, Sulzer will double the size of its most profitable business unit, Sulzer Mixpac Systems (SMS). SMS now gains critical industrial mass and segment as well as geographical diversification. SMS adds Geka’s leading position in the cosmetics segment to its current leadership in the dental and industrial adhesive segments. This extends its attractive, low-cyclicality portfolio of B2B end-market segments for high-precision plastic injection molding applications.
Greg Poux-Guillaume, Sulzer CEO, said: "The Geka and SMS teams are working well together, allowing Sulzer to close this transaction ahead of schedule. We welcome Geka into the Sulzer family and are excited to be moving to the implementation phase."
Sulzer, headquartered in Winterthur, Switzerland, since 1834, specializes in pumping solutions, rotating equipment maintenance and services as well as separation, reaction, and mixing technology. The company creates reliable and sustainable solutions for its key markets: oil and gas, power, and water. Sulzer serves customers around the world through a network of over 170 production and service sites, and it has a strong footprint in emerging markets. In 2015, the company achieved sales of roughly CHF 3 billion with around 14 000 employees. www.sulzer.com