Climbing back up the mountain

Article Abstract:

Swiss international engineering concern Sulzer will benefit in the long term from its current strategy of focusing on five corporate groups, according to chairman Fritz Fahrni, overcoming recent financial difficulties. The five divisions cover a diverse product range, including medical technology and weaving machinery, but Fahrni feels that the company is strengthened by the technology and market knowledge which it gains from operating in these areas. It has no plans to demerge, being satisfied with its current size.

Engineering services, Management, Interview, Fahrni, Fritz, Sulzer Anlagen und Gebaudetechnik GmbH

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US banker joins BBA to keep recovery on course

Article Abstract:

James O'Connor has been appointed corporate development director at BBA Group and will continue the disposal program of the company, which is undergoing rationalization. O'Connor has been managing director at O'Connor and Co, his investment bank which is located in Boston. BBA will carry on using merchant banks rather than use in-house expertise for all deals, and has previously used Morgan Grenfell. O'Connor has experience as an accountant through work with Arthur Andersen.

Appointments, resignations and dismissals, BBA Group PLC, Connor, James O'

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Mercury rising as pipeline breaks German duck

Article Abstract:

Mercury's purchase of German pipeline solutions firm Pipetronix has involved a simultaneous merger with PII, an earlier Mercury management buyout. The new operation has a combined enterprise value of DM700 million, and will benefit from a wider geographic reach and a wider product range. The precise value of the deal has not been revealed, but the debt finance, which was arranged by Deutsche Bank in London, England, accounts for 55% of the total.

ENGINEERING & MANAGEMENT SERVICES, Engineering for Pipelines, Mergers, acquisitions and divestments, Petroleum services industry, Mercury Asset Management PLC, Pipeline engineering, Pipetronix

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