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March 7, 2011
Stockholm, Sweden, March 7, 2011: Atlas Copco Mafi-Trench LLC, USA, has completed the acquisition of the pump business of J.C. Carter LLC, headquartered in California, USA.
J.C. Carter is a leading producer of cryogenic submerged motor pumps, which have many applications in the growing natural gas market. The company’s products are primarily used in liquid natural gas regasification and liquefaction plants, and natural gas liquid processing. In 2009 the company had around 70 employees and revenues of approximately MUSD 25 (MSEK 175).
The acquired business will be a part of Atlas Copco’s Gas and Process Division.
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.