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Agency / Source: Atlas Copco AB

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Atlas Copco Has Agreed to Acquire A Leading Provider of Vacuum Pumps in India - Atlas Copco has agreed to acquire HHV Pumps Pvt Ltd The company designs and manufactures vacuum pumps and systems for applications used in a wide range of industries - HHVPumps.in / AtlasCopco.com
Atlas Copco Has Agreed to Acquire A Leading Provider of Vacuum Pumps in India

 

PRZOOM - /newswire/ - Nacka, Sweden, 2021/10/28 - Atlas Copco has agreed to acquire HHV Pumps Pvt Ltd The company designs and manufactures vacuum pumps and systems for applications used in a wide range of industries - HHVPumps.in / AtlasCopco.com.

   
 
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HHV Pumps was founded in 2009 and is based in Bengaluru, India, and has 151 employees. In the fiscal year of 2020 the company had revenues of approximately MUSD 6 (approx. MSEK 53).

HHV Pumps ​is a leading provider of vacuum pumps used for chemical and pharmaceutical industries, electrical power equipment, general industry, and rotary vane pumps used for manufacturing refrigeration and air-conditioning.

“India is an important market for us and a fast-growing economy,” said Geert Follens, Business Area President Vacuum Technique. “HHV Pumps has a strong reputation and through this acquisition we will strengthen our market presence as well as give us capabilities for local manufacturing.”

The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.

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

The acquisition is expected to close during the first quarter 2022.

Atlas Copco Group

Our industrial ideas empower our customers to grow and drive society forward. This is how we create a better tomorrow. Atlas Copco (atlascopco.com) is a global industrial group, founded in 1873 in Stockholm. In 2020 we had revenues of BSEK100 (BEUR 10) and at year end about 40 000 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 Has Agreed to Acquire A Leading Provider of Vacuum Pumps in India

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HHV Pumps | Atlas Copco Group
Contact: Sara Liljedal - AtlasCopco.com 
+46 72 144 1038 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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