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Agency / Source: Atlas Copco AB

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Atlas Copco Acquired A Chinese Manufacturer of Medical Oxygen Solutions - Atlas Copco has acquired Shandong Meditech Medical Technology Co., Ltd, a manufacturer of onsite oxygen solutions for the healthcare market. The company is based in Shandong, China - Meditech.com.cn / AtlasCopco.com
Atlas Copco Acquired A Chinese Manufacturer of Medical Oxygen Solutions

 

NewswireTODAY - /newswire/ - Nacka, Sweden, 2022/12/05 - Atlas Copco has acquired Shandong Meditech Medical Technology Co., Ltd, a manufacturer of onsite oxygen solutions for the healthcare market. The company is based in Shandong, China - Meditech.com.cn / AtlasCopco.com.

   
 
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Shandong Meditech Medical Technology Co., Ltd (meditech.com.cn) was founded in 2003 and is located in Jinan, with sales companies in Shanghai, Hong Kong and Australia. The company is privately owned and has 70 employees.

Shandong Meditech manufactures oxygen generators and sells solutions for onsite oxygen generation for medical use in hospitals and for medically prescribed home use. The company had revenues of approximately 86 MCNY (around MSEK 114*) in 2021.

“Shandong Meditech is a respected company and a well-known brand,” said Vagner Rego, Business Area President Compressor Technique. “This acquisition will strengthen our product offering and expertise, as well as increase our presence in one of the world’s largest oxygen markets - the healthcare market. Shandong Meditech’s customers will meanwhile benefit from increased service reach through Atlas Copco’s global network.”

The purchase price is not disclosed.

The acquired business will become part of the Medical Gas Solutions Division within the Compressor Technique Business Area.

*Based on the average exchange rate in 2021.

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 BSEK 111 and at year end about 43 000 employees. 

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

 
 
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Agency / Source: Atlas Copco AB

 
 

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Atlas Copco Acquired A Chinese Manufacturer of Medical Oxygen Solutions

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Meditech Equipment | Atlas Copco Group
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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