Sulzer to make significant investment in Tamturbo Plc
June 23, 2020
Sulzer has made an investment to acquire 25% of Tamturbo Plc. Founded in 2010, Tamturbo is a technology company that develops and manufactures oil-free industrial air compressor systems. Tamturbo's disruptive solutions enable cleaner, more energy-efficient and close-to maintenance-free compressed air production with next generation Touch-Free? compressor technology.
Sulzer has made an investment to acquire 25% of Tamturbo Plc.
The successful co-operation with Sulzer started in 2018 with a sales and supply agreement as Tamturbo's oil-free industrial air compressors fit well with Sulzer's lower pressure compressor offerings in industries such as pulp and paper, food, metals, mining and chemical processing. Tamturbo will complement Sulzer's portfolio well, leading to scale effects from Sulzer's strong industrial brand reputation, its experience in manufacturing similar compressor products, its capillary worldwide sales and service network, and its access to key suppliers.
Tamturbo sold their first air compressors in 2017. The company's sales grew strongly in 2019. In 2019, the company served several of the world's largest companies within the food, beverage, paper, and electronics industries, and is already making in-roads into providing compressed-air products to large household names.
Frédéric Lalanne, President of Sulzer's Pumps Equipment Division, said, "Tamturbo complements our existing offering in industrial air compressors with its disruptive technology that minimizes cost of ownership. By joining forces, we'll be well placed to serve a strongly growing industrial automation market with increasing demand for compressed air. Tamturbo has done an outstanding job since inception and we are very happy for Sulzer to have a tight collaboration and support their growth".
"We are excited to welcome a company with the size and reputation of Sulzer as a significant partner in our venture. Sulzer have had a leading position in the low-pressure market with high-speed turbo compressor products in the past 20 years. We can now join our efforts together using Tamturbo's higher-pressure products to address a market which is significantly larger." – says Timo Pulkki, CEO of Tamturbo.