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Sulzer to acquire majority stake in Saudi Pump Factory

Saudi Pump Factory, located in Riyadh, Saudi Arabia, produces centrifugal pumps to API and ASME standard. The pump company had sales of approximately CHF25 million in 2012 and employs 170 people.

Sulzer plans to set up a local production joint venture Sulzer Saudi Pump Co (SSPC). SSPC will be the first complete manufacturing facility in Saudi Arabia for a global pump manufacturer of API pumps.

Saudi Pump Factory’s 25 000 m² facility in Riyadh will be part of Sulzer’s global manufacturing network, focusing on the oil and gas, power and water markets. A pump test facility is also available.

This acquisition, which is expected to close in the second quarter of 2014, is in line with Sulzer’s focus on the oil and gas, power and water key markets.