December 4, 2015
Stockholm, Sweden, December 4, 2015: Atlas Copco, a leading provider of sustainable productivity solutions, has acquired U.S. vacuum pump service provider Innovative Vacuum Solutions Inc.
Innovative Vacuum Solutions is based in Tampa, Florida, and has 19 employees. The company, which was privately owned, specializes in the repair and maintenance of industrial and high vacuum pumps and related equipment, mainly on the U.S. East Coast. Innovative Vacuum Solutions had revenues in 2014 of about MUSD 4.2 (MSEK 32).
This acquisition fits well into our strategy of increasing our presence in the U.S. vacuum market by providing high-quality service for our customers,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area.
The acquired company 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 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.