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Oerlikon acquires Sulzer's Metco unit creating surface solutions leader

1:22 AM MST | January 31, 2014 | Natasha Alperowicz

Machine and plant engineering firm Oerlikon (Pfäffikon, Switzerland) has signed an agreement to acquire Sulzer’s (Winterthur, Switzerland) Metco division for an enterprise value of 1 billion Swiss francs ($1.1 billion), the companies announced today. A combination of Metco with Oerlikon’s coatings segment will create the world technology leader in surface solutions, Oerlikon says. The deal will be financed through a combination of cash and existing committed undrawn Oerlikon debt facilities.   Metco had sales of SF700 million in 2012 and...

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