WINTERTHUR, Switzerland (Dec. 1, 2016)—On Nov. 30, Sulzer signed an agreement to acquire control of Rotec’s gas turbine maintenance business (Rotec GT), according to a statement from Sulzer. Rotec GT, headquartered in Moscow and majority-controlled by Renova, is mainly active in the Russian market.

Through this transaction, Sulzer becomes a sizable player in the Russian gas turbine service market with revenues of about $40 million, according to the company.