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Sulzer Seeks Takeovers to Plug Pump Gaps, SonntagsZeitung Says

Sulzer AG (SUN) is seeking acquisitions and could spend as much as 1 billion francs ($1 billion), SonntagsZeitung reported, citing an interview with Chief Executive Officer Klaus Stahlmann.

Sulzer has gaps in its range of pumps for the oil and gas industry as well as in water and wastewater technology, the Swiss newspaper cited Stahlmann as saying.

Sulzer could also expand its petrochemicals services and components businesses geographically, Stahlmann was quoted as saying by the newspaper.

To contact the reporter on this story: Leigh Baldwin in Zurich at lbaldwin3@bloomberg.net

To contact the editor responsible for this story: Mariajose Vera at mvera1@bloomberg.net

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