Sulzer
ABERDEEN, U.K. - Sulzer has acquired the Scottish aero-derivative gas turbine service provider Alba Power. The company employs 80 people and generated sales of GBP 34 million with a profit margin above 20 percent in 2018.
Sponsored by
Sulzer acquired GTC Technology US, LLC, a technology company offering proprietary processes and systems for the production of aromatics and other petrochemicals, Sulzer announced May 2. This acquisition strengthens Sulzer Chemtech’s position in petrochemical processes and expands its revenue base to process licensing and associated proprietary equipment and chemicals, the company said. The enterprise value is $39 million.
Sulzer has launched the “Sulzer Scholarship for Women in Science and Engineering” directed at female students studying for degrees in the areas of engineering, technology and science. The scholarship ultimately aims to support and increase the participation of women in the engineering industry. Reflecting its presence and its business needs Sulzer is currently initiating these scholarships in collaboration with universities in South Africa, Indonesia, China and India.
Peter Löscher was reelected as member and chairman of the Board of Directors for a one-year term at Sulzer's 105th annual general meeting, with 473 shareholders in attendance.