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January 16, 2020
Stockholm, Sweden, January 16, 2020: Atlas Copco has acquired Hydra Flow West. The company is a distributor focused on sourcing and sales of spare parts and accessories used in compressor service.
Hydra Flow West has 7 employees and is located in Walnut, California, a suburb of Los Angeles in the US.
“Hydra Flow West has built up a loyal customer base in their targeted market”, said Vagner Rego, Business Area President Compressor Technique. “Through the acquisition we will increase our presence on the US west coast and ensure timely delivery of parts”, said Vagner Rego.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The company will become part of the service division within the Compressor Technique Business Area.
Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.
Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries and about 37 000 employees. Revenues of BSEK 95/9 BEUR in 2018.