Atlas Copco, a leading global provider of sustainable productivity solutions, has completed the acquisition of Shandong Bozhong Vacuum Technology Co., Ltd. The move is aimed at strengthening Atlas Copco’s position in the industrial vacuum market and expanding its presence in China.
Shandong Bozhong Vacuum Technology Co., Ltd, a company that develops and manufactures liquid ring vacuum pumps and systems, has a broad customer base in the chemical and pharmaceutical industries in China and globally. The acquisition is part of Atlas Copco’s strategy to expand its portfolio of vacuum pumps and systems for a wide range of applications in various industries.
Founded in 2002, Shandong Bozhong Vacuum Technology Co., Ltd had revenues of approximately 90 MCNY (120 MSEK*) in 2021 and employs 116 people. The acquisition of Shandong Bozhong Vacuum Technology Co., Ltd. is expected to strengthen Atlas Copco’s position in the industrial vacuum market and enhance its offerings to customers.
The purchase price of the acquisition has not been disclosed. However, the acquired business will become part of the Industrial Vacuum Division within the Vacuum Technique Business Area of Atlas Copco. This strategic move is expected to enable Atlas Copco to leverage the expertise of Shandong Bozhong Vacuum Technology Co., Ltd to enhance its product offerings and accelerate innovation.
Atlas Copco has a history of turning industrial ideas into business-critical benefits since 1873. The company has been listening to its customers and understanding their needs, delivering value and innovating with the future in mind. In 2022, Atlas Copco Group had revenues of BSEK 141 and employed approximately 49,000 people.
This acquisition will further strengthen Atlas Copco’s position as a global leader in the industrial vacuum market and enable it to provide innovative and sustainable productivity solutions to its customers. With its focus on sustainability and customer-centric approach, Atlas Copco is well-positioned to drive growth and success in the years to come.
*Based on the average exchange rate in 2021.
In conclusion, the acquisition of Shandong Bozhong Vacuum Technology Co., Ltd by Atlas Copco is a strategic move aimed at enhancing the company’s offerings and strengthening its position in the industrial vacuum market. With its focus on sustainability and customer-centric approach, Atlas Copco is well-positioned to drive growth and success in the years to come.
Bernie is an experienced financial journalist with a focus on Earnings News and Financial updates. He has been working as a journalist for more than 8 years and has been with Survey Paid since 2019. His byline can be found on articles covering stock market analysis and commentary, earnings reports, and other financial news. Based in New York City, NY.
Contact Email: Bernie@surveypaid.info
Nvidia Corp (NVDA.O) has emerged as a pivotal player in the U.S. stock market, symbolizing…
Clinch, a pioneer in recruitment marketing solutions, is thrilled to announce the appointment of Sarah…
Bitget, a global leader in the cryptocurrency exchange and Web3 space, has made waves with…
In a strategic move that reverberated across the tech industry, Hewlett Packard Enterprise (HPE) announced…
In a strategic move aimed at bolstering its Project Kuiper satellite network, Amazon has announced…
In the fast-evolving landscape of artificial intelligence (AI), the European Union (EU) finds itself at…
This website uses cookies.