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Acquisition strengthens Sulzer’s Chemtech business

Sulzer has acquired GTC Technology US LLC, a Houston, Texas-headquartered technology company that offers proprietary processes and systems for the production of aromatics and other petrochemicals.

The acquisition expands Sulzer Chemtech’s revenue base to process licensing and associated proprietary equipment and chemicals.

GTC develops and commercializes licensed processes, including proprietary equipment and chemicals, for the petrochemical industry worldwide. The specific processes are engineered in-house, with a strong focus on aromatization, C5 processing, BTX recovery and gas to liquids processing.

GTC has annual revenues of around US$50 million and a high single-digit EBITA margin. The company employs around 200 people globally.

The enterprise value is US$39 million (CHF39 million).