Atlas Copco completes acquisition of manufacturer of process equipment for the semiconductor industry
July 18, 2022
Nacka, Sweden, July 18, 2022: Atlas Copco has completed the acquisition of Ceres Technologies, Inc., a US-based manufacturer and designer of gas and vapour delivery equipment for the semiconductor industry.
The acquisition includes assets of two affiliates, North Park Metalworkers, Inc. and Peak Precision Technologies, Inc. In 2021 they had revenues of approximately MUSD 41 (MSEK 351*). The acquired companies have around 185 employees.
Ceres Technologies, Inc. was founded in 2011 and is located in the Hudson Valley, New York area. As well as providing gas and vapour delivery equipment Ceres also provides contract manufacturing of process tools for OEMs and research organizations, and engineering services for semiconductor and industrial customers.
North Park Metalworkers, Inc. produces welded enclosures, frames and machined parts, and is also located in the Hudson Valley, New York area.
Peak Precision Technologies, Inc. supplies precision welded and brazed fabrications, and is located in Fort Collins, Colorado.
The purchase price is not disclosed.
The acquired businesses become part of the Semiconductor division within Atlas Copco’s Vacuum Technique business area.
*Based on the average exchange rate in 2021.
For more information please contact:
- Daniel Althoff, Vice President Investor Relations
+46 76 899 9597
[email protected]
- Amanda Billner, Media Relations Manager
+46 73 58 25 670
[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 2021, Atlas Copco had revenues of BSEK111 and at year end about 43 000 employees.