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Atlas Copco Acquires Chinese Manufacturer of Compressed Air Treatment Products - Atlas Copco (China) Investment Co. Ltd. has acquired the Wuxi Shengda Air/Gas Purity Equipment Co., Ltd. in China; a company with annual revenues of MCNY 95 (MSEK 85). The acquisition extends Atlas Copco’s market presence and product offering in China
Atlas Copco Acquires Chinese Manufacturer of Compressed Air Treatment Products

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2012/02/13 - Atlas Copco (China) Investment Co. Ltd. has acquired the Wuxi Shengda Air/Gas Purity Equipment Co., Ltd. in China; a company with annual revenues of MCNY 95 (MSEK 85). The acquisition extends Atlas Copco’s market presence and product offering in China.

   
 
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Atlas Copco (China) Investment Co. Ltd. has acquired the Wuxi Shengda Air/Gas Purity Equipment Co., Ltd. in China; a company with annual revenues of MCNY 95 (MSEK 85). The acquisition extends Atlas Copco’s market presence and product offering in China

Wuxi Shengda is based in and has production facilities in Wuxi, near Shanghai, where it manufactures compressed air and gas drying and filtration equipment. It is a privately owned company with 130 employees, and has been active in the air treatment industry since 1996.

“This acquisition is in line with Atlas Copco’s strategy to offer complete solutions to our customers,” said Stephan Kuhn, Business Area President of Atlas Copco Compressor Technique. “It provides us with a wider and more complete range of air and gas treatment equipment, and increases our production, sales and service presence in China.”

Shengda’s customer base mainly consists of state-owned steel, car manufacturing, petrochemical, textiles and electronics companies. The company, which will become part of Atlas Copco Compressor Technique’s Quality Air division, will continue to operate under the Shengda brand name.

For further information please contact:
Stephan Kuhn, Business Area President, Compressor Technique
+32(0)3 870 2938 or +32(0)474 881 154

Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2011, Atlas Copco had 37 500 employees and revenues of BSEK 81(BEUR 9).

Atlas Copco’s Compressor Technique business area provides industrial compressors, gas and process compressors and expanders, air and gas treatment equipment and air management systems. It has a global service network and offers specialty rental services. Compressor Technique innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.

 
 
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Agency / Source: Atlas Copco AB

 
 

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Atlas Copco Acquires Chinese Manufacturer of Compressed Air Treatment Products

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Atlas Copco |
Contact: Daniel Frykholm - AtlasCopco.com 
+46(0)8 743 8060 / +46(0)70 865 8060 media[.]se.atlascopco.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
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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