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January 5, 2016
Stockholm, Sweden, January 5, 2016: Atlas Copco, a leading provider of sustainable productivity solutions, has completed the acquisition of the assets of Capitol Research Equipment Inc., a U.S. parts and service provider for vacuum pumps.
Capitol Research Equipment, commonly known as Capitol Vacuum Parts, is based in Chantilly, Virginia, USA. The company, which has 15 employees, sells spare parts globally for vacuum pumps and related equipment, while also providing repair and service in the U.S. It had revenues in 2014 of about MUSD 3.1 (MSEK 22).
The acquired business becomes part of Edwards Vacuum, LLC within the Vacuum Solutions division in Atlas Copco’s Compressor Technique business area. The parties have agreed not to disclose the purchase price.
Atlas Copco announced on December 21, 2015 that it had agreed to acquire Capitol Research Equipment.
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 2014, Atlas Copco had revenues of BSEK 94 (BEUR 10.3) and more than 44 000 employees.
Atlas Copco’s 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.