Atlas Copco acquires CPC Pumps International
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Atlas Copco has announced that it has acquired CPC Pumps International Inc.
The company specialises 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 its main market. In the fiscal year 2020, the company had revenues of approximately MSEK 385 (MCAD 56).
“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.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/05082021/atlas-copco-acquires-cpc-pumps-international/
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