Chinese leak detector manufacturer to become part of Atlas Copco Group
July 10, 2024
Nacka, Sweden, July 10th, 2024: Anhui NOY Technologies Co. Ltd., (“NOY”), a company manufacturing vacuum helium leak detectors for use mainly in the Chinese market, will become part of Atlas Copco Group.
NOY
NOY is a privately owned company headquartered at its manufacturing location in Hefei City, Anhui Province, China. The company has 78 employees and in 2023 had revenues of 121 MCNY * (approx. MSEK 178).
“NOY was founded in 2016, exhibiting rapid growth by initially serving the EV battery market, while diversifying into other markets in recent years”, said Geert Follens, Business Area President Vacuum Technique. “Through this acquisition we will strengthen our core in-house helium leak detector technology.”
The purchase price is not disclosed. The acquisition is expected to close during the second half of 2024.
The company will become part of the Scientific Vacuum Division within the Vacuum Technique Business Area.
*Based on the average exchange rate in 2023.
For more information please contact:
- Christina Malmberg Hägerstrand, Media Relations Manager
+46 72 855 93 29
[email protected]
- Daniel Althoff, Vice President Investor Relations
+46 76 899 95 97
[email protected]
About Atlas Copco Group:
Atlas Copco Group enables technology that transforms the future. We innovate to develop products, services and solutions that are key to our customers’ success. Our four business areas offer compressed air and vacuum solutions, energy solutions, dewatering and industrial pumps, industrial power tools and assembly and machine vision solutions. In 2023, the Group had revenues of BSEK 173, and at year end about 53 000 employees.