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Agency / Source: Atlas Copco AB

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Atlas Copco Completes Acquisition of Lewa and Geveke - Atlas Copco has completed the acquisition of LEWA GmbH and subsidiaries, and Geveke B.V. and subsidiaries for a combined enterprise value of MEUR 670 (BSEK 7.15*) - LEWA.com / Geveke.com / AtlasCopco.com
Atlas Copco Completes Acquisition of Lewa and Geveke

 

PRZOOM - /newswire/ - Nacka, Sweden, 2022/08/02 - Atlas Copco has completed the acquisition of LEWA GmbH and subsidiaries, and Geveke B.V. and subsidiaries for a combined enterprise value of MEUR 670 (BSEK 7.15*) - LEWA.com / Geveke.com / AtlasCopco.com.

   
 
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LEWA is a leading manufacturer of diaphragm metering pumps, process pumps and complete metering systems. Geveke distributes compressors and engineers advanced and complex process pump installations.

LEWA (lewa.com) was founded in 1952 and is based in Germany. The company has around 1200 employees and in 2021 they had revenues of MEUR 233 (BSEK 2.4*). LEWA offers industry-specific high-quality pump solutions for a wide range of industries.

Geveke (geveke.com) was founded in 1874 and is headquartered in Amsterdam in the Netherlands. The company has 173 employees and in 2021 they had revenues of approximately MEUR 61 (MSEK 648*).

The acquisition is an all-cash transaction utilizing Atlas Copco’s funds.

The main part of the acquired businesses has its base in the Power and Flow division within Atlas Copco’s Power Technique Business Area and a smaller part in the Service 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 BSEK111 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 Completes Acquisition of Lewa and Geveke

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LEWA - Geveke | 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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