December 21, 2015
Stockholm, Sweden, December 21, 2015: Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire 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).
“This acquisition will strengthen our global vacuum presence by providing more customers with outstanding parts and service,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area.
The acquisition is expected to be completed in January 2016. The acquired business will become 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 Construction Technique business area provides construction and demolition tools, portable compressors, pumps and generators, lighting towers, and compaction and paving equipment. The business area offers specialty rental and provides service through a global network. Construction Technique innovates for sustainable productivity in infrastructure, civil works, oil and gas, energy, drilling and road construction projects. Principal product development and manufacturing units are located in Belgium, Germany, Sweden, the United States, China, India and Brazil.