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Sulzer is on a shopping spree in Texas

Sulzer is buying the Texas-based company GTC Technology. This has a global workforce of 200 employees and generates annual sales of about $ 50 million, as the industry group announced on Thursday.

The company has a value specified with the $ 39 million. GTC offers according to the information, processes and systems for the production of aromatics and other petrochemicals.

The acquisition of strength, therefore, the leading role of the Sulzer division Chemtech for Petro-chemical processes, it said. Specifically, it allows the market license-business entry in the Technology.

GTC get up-to-date, the operating margin (EBITA margin) in the high single-digit range, so the message. It was now the aim is to accelerate the growth of the company and "to create measurable synergies". (nag/sda)

Created: 02.05.2019, 09:07 PM

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