Atlas Copco has acquired specialized centrifugal pump company
August 5, 2021
Nacka, Sweden, August 5, 2021: Atlas Copco has acquired CPC Pumps International Inc. The company specializes in the design, manufacturing, and servicing of custom-engineered, mission critical centrifugal pumps.
CPC Pumps has 110 employees and is based in Burlington in Ontario, Canada, with North America as their main market. In the fiscal year 2020 the company had revenues of approximately MSEK 385 (MCAD 56).
“CPC Pumps is a very good fit because both its technology and market presence correspond well with our existing Gas & Process business”, said Vagner Rego, Business Area President for the Compressor Technique Business Area. “The acquisition adds complementary assets to our portfolio and strengthens our market position.The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
CPC Pumps will become part of the Gas and Process division within the Compressor Technique business area.
For more information please contact:
- Daniel Althoff, Vice President Investor Relations
+46 76 899 9597
[email protected] - Sara Liljedal, Media Relations Manager
+46 72 144 1038
[email protected]
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.