Atlas Copco completes acquisition of Chinese manufacturer of liquid ring pumps and systems
April 5, 2023
Nacka, Sweden, April 5 2023: Atlas Copco has completed the acquisition of the assets of Shandong Bozhong Vacuum Technology Co., Ltd, a company that develops and manufactures liquid ring vacuum pumps and systems.
Shandong Bozhong Vacuum Technology was founded in 2002 and is located in Zhangdian District, Zibo, Shandong province, China. In 2021, they had revenues of approximately 90 MCNY (120 MSEK*). The company has 116 employees, and a broad customer base in the chemical and pharmaceutical industries in China as well as globally.
The purchase price is not disclosed. The acquired business becomes part of the Industrial Vacuum Division within the Vacuum Technique Business Area.
*Based on the average exchange rate in 2021.
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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 2022, Atlas Copco Group had revenues of BSEK 141 and at year end about 49 000 employees.