Cardo Flow Solutions – Sulzer Pumps

Group ReleasesFriday, July 29, 2011

The announced acquisition of Cardo Flow Solutions was completed on July 29, 2011. For a total cash consideration of SEK 5.9 billion (CHF 852 million), Sulzer acquired one of the leading suppliers of pumps and related equipment in the attractive wastewater market. In 2010, Cardo Flow Solutions generated approximately CHF 463 million in sales and an adjusted EBITDA1 of CHF 67 million, implying a 14.5% EBITDA1 margin. The business has around 1 900 employees.

Headquartered in Malmö, Sweden, Cardo Flow Solutions is a full-line supplier of pumps and related equipment such as lifters, mixers, aerators, compressors, control and monitoring equipment and services for the wastewater market which accounts for around 90% of sales.