Sulzer AG recently signed a binding agreement to acquire Nordic Water for a purchase price of $144 million. Nordic Water is a provider of screening, sedimentation and filtration solutions for municipal and industrial water & wastewater applications.
Nordic Water, headquartered in Gothenburg, Sweden, employs 200 people at 13 sites in 6 countries. In 2021, it is expected to achieve sales of around $90 million.
The transaction allows Sulzer to grow its wastewater treatment business through equipment that is complementary to the existing portfolio of pumps, grinders, mixers, compressors and other products it presently offers the water markets.
Commenting on the acquisition, Greg Poux-Guillaume, CEO of Sulzer, said, “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.”