January 21, 2022
Nacka, Sweden, January 21, 2022: Atlas Copco has completed the acquisition of HHV Pumps Pvt. Ltd. The company designs and manufactures vacuum pumps and systems for applications used in a wide range of industries.
HHV Pumps was founded in 2009 and is based in Bengaluru, India, and has 151 employees. In the fiscal year of 2020 the company had revenues of approximately MUSD 6 (approx. MSEK 53).
HHV Pumps is a leading provider of vacuum pumps used for chemical and pharmaceutical industries, electrical power equipment, general industry, and rotary vane pumps used for manufacturing refrigeration and air-conditioning.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The acquired business becomes part of the Industrial Vacuum 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.