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Written by / Agency / Source: Atlas Copco AB
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Atlas Copco to Acquire Chinese Manufacturer of Liquid Ring Pumps and Systems - Atlas Copco has agreed to acquire the assets of Shandong Bozhong Vacuum Technology Co., Ltd, a company that develops and manufactures liquid ring vacuum pumps and systems - BzVacuum.com / AtlasCopco.com
Atlas Copco to Acquire Chinese Manufacturer of Liquid Ring Pumps and Systems

 

NewswireToday - /newswire/ - Nacka, Sweden, 2022/08/05 - Atlas Copco has agreed to acquire the assets of Shandong Bozhong Vacuum Technology Co., Ltd, a company that develops and manufactures liquid ring vacuum pumps and systems - BzVacuum.com / AtlasCopco.com.

   
 
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Shandong Bozhong Vacuum Technology (bzvacuum.com) was founded in 2002 and is located in Zhangdian District, Zibo, Shandong province, China. In 2021, they had revenues of approximately 90 MCNY (120 MSEK*). The company has 116 employees, and a broad customer base in the chemical and pharmaceutical industries in China as well as globally.

“Shandong Bozhong Vacuum Technology is an experienced manufacturing and machining company,” said Geert Follens, Business Area President Vacuum Technique. “This acquisition adds a company with good reputation for their high-quality standards and aligns with our local-for-local strategy.”

The acquisition is expected to close in Q1, 2023. The purchase price is not disclosed.

The acquired business will become part of the Industrial Vacuum Division within the Vacuum Technique Business Area.

*Based on the average exchange rate in 2021.

Contact: Daniel Althoff, Vice President Investor Relations
P: +46 76 899 9597 - E: ir[.]atlascopco.com.

About Atlas Copco Group

Great ideas accelerate innovation. At Atlas Copco (atlascopco.com) we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind. In 2021, Atlas Copco had revenues of BSEK111 and at year end about 43 000 employees.

 
 
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Written by / Agency / Source: Atlas Copco AB

 
 

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Atlas Copco to Acquire Chinese Manufacturer of Liquid Ring Pumps and Systems

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Publisher Contact: Amanda Billner - AtlasCopco.com 
+46 73 58 25 670 media[.]atlascopco.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Atlas Copco AB securities in any jurisdiction including any other companies listed or named in this release.

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