The Linde Group Acquires Swiss Plant Engineering and Construction Company Bertrams Heatec
Posted on: Friday, 14 September 2007, 06:00 CDT
Munich, 14 September 2007 - The technology company The Linde Group has bought the Swiss plant engineering and construction company Bertrams Heatec AG. Terms of the transaction were not disclosed.
Bertrams Heatec AG , headquartered in Pratteln (near Basel), Switzerland, is a leading specialist in the construction of systems for the safe transfer of process heat, mainly for the chemical and petrochemical industries. These systems are used for the manufacture of artificial fibres, synthetic resins (melamine), aluminium oxide and dyestuffs, together with applications in the textile and food industries as well as solar power plants. In fiscal year 2006, the company employed 35 employees and had sales of approx. EUR 15 million. Linde will operate Bertrams Heatec as a wholly-owned subsidiary.
"This acquisition will enable use to open up new business opportunities in the heat transfer system segment," explained Dr. Aldo Belloni, member of the Executive Board of the Linde AG. "We also see a huge growth potential here especially for solar power plants."
The closing of the transaction is subject to regulatory approval and customary conditions.
The Linde Group is one of the world's leading gas and engineering companies with approx. 49,000 employees working in over 70 countries worldwide. Following the acquisition of the BOC Group plc, the company has been earning approx. EUR 12 billion in annual sales in the fields of industrial and medical gases and engineering. The Linde Group's strategy is geared towards earnings-based growth, focusing in particular on the concerted expansion of its international business with forward-looking products and services. More information about The Linde Group can be found online at http://www.linde.com
For more information: Press Uwe Wolfinger Telephone: +49.89.35757-1320 Investor Relations Thomas Eisenlohr Telephone: +49.89.35757-1330
Copyright Copyright Hugin ASA 2007. All rights reserved.
SOURCE: Linde AG
Source: MARKET WIRE
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