Atlas Copco completes acquisition of South Korean exhaust management company
August 5, 2016
Stockholm, Sweden, August 5, 2016: Atlas Copco, a leading provider of sustainable productivity solutions, has completed the acquisition of CSK Inc., a leading supplier of exhaust management systems in the South Korean semiconductor, display, solar and LED markets.
Exhaust management system
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 exhaust management 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.
Atlas Copco announced on June 1, 2016 the agreement to acquire CSK.
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 920) before potential adjustment.
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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. Learn more at www.atlascopcogroup.com. 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.