Sulzer Completes Acquisition of JWC Environmental

SANTA ANA, Calif.–(BUSINESS WIRE)–Sulzer announces that it has completed the acquisition of JWC
Environmental, LLC (“JWC”). JWC is a leading provider of highly
engineered, mission-critical solids reduction and removal products such
as grinders, screens, and dissolved air flotation system for municipal,
industrial and commercial wastewater applications.

The transaction allows Sulzer to grow its wastewater treatment offering
through complementary equipment as well as to improve its access to the
municipal and industrial wastewater market in North America.
Furthermore, Sulzer intends to strongly pursue and support JWC’s
geographic expansion into markets in EMEA and Asia. Significant sales
synergies are expected through growth in JWC’s markets outside North
America. JWC will operate as part of Sulzer’s Pumps Equipment division
and will continue to be headquartered in Santa Ana, California.

The enterprise value of USD 215 million adjusted for an acquired tax
asset corresponds to a multiple of approximately 10x 2018 earnings
before interest, taxes, depreciation, and amortization (EBITDA). JWC is
headquartered in Santa Ana, California, US, and employs around 230
people.

About Sulzer

Sulzer’s core strength is flow control and applicators. We specialize
in pumping solutions, services for rotating equipment, as well as
separation, mixing and application technology. Our customers benefit
from a network of over 180 production and service sites around the
world. Sulzer has been headquartered in Winterthur, Switzerland, since
1834. In 2016, we achieved sales of roughly CHF 2.9 billion with around
14 000 employees. Our shares are traded on the SIX Swiss Exchange (SIX:
SUN) www.sulzer.com

About JWC Environmental

Since its founding in 1973, JWC Environmental has become a world
leader in solids reduction and removal for the municipal wastewater
industry with its Muffin Monster® line of products. JWC partners
with industrial customers for wastewater and process optimization with
its IPEC Screens, FRC DAF’s and Monster Industrial waste shredders. JWC
Environmental is headquartered in Santa Ana, California. For more
information, visit JWC Environmental at www.jwce.com.

This document may contain forward-looking statements including, but
not limited to, projections of financial developments, market activity
or future performance of products and solutions containing risks and
uncertainties. These forward-looking statements are subject to change
based on known or unknown risks and various other factors that could
cause actual results or performance to differ materially from the
statements made herein.

Contacts

Sulzer
Investor Relations:
Christoph Ladner, Head of
Group Communications and Investor Relations,
Phone +41 52 262 30 22
Fax
+41 52 262 03 02
[email protected]