Capime – Sulzer Turbo Services

Group ReleasesThursday, December 04, 2008

Sulzer has completed the acquisition of Capime, the privately owned turbo machinery service-provider based in Argentina, which was first announced in August.

The acquired company, which achieved sales of approximately CHF 13 million in 2007 and employs around 90 people, will be integrated into the Sulzer Turbo Services division. With this acquisition, the division expands its business in South America and strengthens the platform for further growth in that region. The acquisition follows a long ongoing business relationship between Sulzer Turbo Services and Capime.

Capime provides repair, maintenance, and installation services for a variety of turbines, turbine components, and auxiliary systems in various countries in South America. Capime focuses on customers in the power utilities and the oil and gas upstream and downstream segments. The company also provides replacement parts, component repairs, and field services.