April 7, 2021
Nacka, Sweden, April 7, 2021: Atlas Copco has acquired IBVC Vacuum, S.L.U, known as Iberica Vacuum. The company’s customers are mainly industrial and scientific companies as well as universities and research institutes in Spain and Portugal.
Iberica Vacuum is a privately owned company and has 10 employees. The company is located in Madrid, Spain, and is the Edwards vacuum distributor in Spain and Portugal.
“We have had a successful partnership with Iberica Vacuum in Spain and Portugal since its founding in 2007”, said Geert Follens, Business Area President Vacuum Technique. “Through this acquisition we will get the opportunity to better serve current customers and further strengthen our market presence for the Edwards brand in this key region of Southern Europe.”
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The company will become part of the Vacuum Technique Service Division within the Vacuum 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.
In 2019, Atlas Copco had revenues of BSEK104 (BEUR 10) and at year end about 39 000 employees.