Atlas Copco Acquired Specialized Centrifugal Pump Company

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Canadian manufacturer CPC Pumps will become part of the Gas and Process division within the Compressor Technique business area 

Atlas Copco Acquired Specialized Centrifugal Pump Company
Atlas Copco Acquired Specialized Centrifugal Pump Company

Atlas Copco has acquired CPC Pumps International Inc. The company specializes in the design, manufacturing, and servicing of custom-engineered, mission critical centrifugal pumps. CPC Pumps has 110 employees and is based in Burlington in Ontario, Canada, with North America as their main market. In the fiscal year 2020 the company had revenues of approximately 385 million SEK (ca. 376 mill €).

“CPC Pumps is a very good fit because both its technology and market presence correspond well with our existing Gas & Process business”, said Vagner Rego, Business Area President for the Compressor Technique Business Area. “The acquisition adds complementary assets to our portfolio and strengthens our market position.

The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. CPC Pumps will become part of the Gas and Process division within the Compressor Technique business area. 
 

Posted on August 10, 2021 - (257 views)
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