SAB Technical Services – Sulzer Chemtech

Group ReleasesMonday, August 03, 2009

The Sulzer acquisition of SAB Technical Services, announced in June 2009, was closed as of July 31, 2009.

The purchase price for SAB Technical Services (India) Pvt. Ltd is at USD 5.75 million (approximately CHF 6.2 million) depending on the future performance. The acquired company’s annual sales is approximately USD 4 million (approximately CHF 4.3 million) and employs around 50 employees. With this acquisition, Sulzer Chemtech will further expand its geographical presence as a leading global specialized tower field service provider. SAB is a recognized specialist in tower field services with more than 20 years of experience and is mainly active in India and Singapore.