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December 10, 2021
Nacka, Sweden, December 10, 2021: Atlas Copco has acquired Provac Limited. The company’s customers are mainly industrial and scientific companies as well as universities and research institutes in Ireland.
Provac Limited is a privately owned company and has 11 employees. The company is located in Wexford, Ireland, and is the Leybold vacuum distributor for the island of Ireland.
“We have had a successful partnership with Provac Limited since its founding in 1999”, 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 in Ireland for the Leybold brand.”
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
Our industrial ideas empower our customers to grow and drive society forward. This is how we create a better tomorrow. Atlas Copco is a global industrial group, founded in 1873 in Stockholm. In 2020 we had revenues of BSEK100 (BEUR 10) and at year end about 40 000 employees.