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June 1, 2016
Stockholm, Sweden, June 1, 2016: Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire CSK Inc., a leading supplier of abatement solutions in the South Korean semiconductor, display, solar and LED markets.
CSK is based in Gyeonggi-do, South Korea, and also has sales and service locations in China, Taiwan and the United States. The company provides manufacturers with abatement systems that treat hazardous gases occurring as part of the semiconductor, display, solar and LED manufacturing processes, as well as gas and liquid delivery for advanced semiconductor manufacturing.
CSK has about 400 employees and had revenues in 2015 of BKRW 124.5 (MSEK 870). The seller is Hanyang ENG Co., Ltd., which is publicly listed on the Korean stock exchange KOSDAQ. The purchase price is BKRW 120 (MSEK 840).
“This acquisition will enable us to offer customers a wider range of top-quality solutions thanks to the highly qualified team at CSK,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area.
The acquisition is subject to regulatory approvals, and is expected to be completed in the third quarter. The acquired business will become part of the Vacuum Solutions division in Atlas Copco’s Compressor Technique business area.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2015, Atlas Copco had revenues of BSEK 102 (BEUR 11) and more than 43 000 employees.
Atlas Copco Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, the United States, China, South Korea, Germany, Italy and the United Kingdom.