Sulzer AG has signed a binding agreement to acquire Swedish water treatment technology company Nordic Water in a SEK1.2 deal.
Nordic Water provides screening, sedimentation and filtration solutions for municipal and industrial water and wastewater applications. Headquartered in Gothenburg, the company employs 200 people at 13 sites in six countries. 2021 sales are expected to be around SEK750 million.
The acquisition strengthens Sulzer’s wastewater treatment offering with equipment that is complementary to the existing portfolio of pumps, grinders, mixers, compressors and providing further access to the fast-growing clean water market.
“We welcome the whole Nordic Water team and look forward to the exceptional opportunities to accelerate our growth in municipal and industrial wastewater and expanding our offering into the fast-growing water treatment market,” said Greg Poux-Guillaume, CEO of Sulzer.
The transaction is expected to close in the first quarter of 2021 subject to customary conditions.