Atlas Copco has acquired IPV
Published by Laura Dean,
Deputy Editor
Hydrocarbon Engineering,
Atlas Copco has acquired German Industrie Pumpen Vertriebs GmbH (IPV). The company is a distributor of industrial pumps for the Varisco brand.
IPV is based in Dresden in Germany. The company had revenues of approximately MEUR 5 (MSEK 50) in 2017 and around 20 employees.
The main market for IPV is the chemical industry. "The industrial segment is key for us in order to further grow our pumps business," said Andrew Walker, Business Area President Power Technique. "The acquisition will strengthen our presence in the north west of Europe".
The purchase price is not material relative to Atlas Copco’s market capitalisation and is not disclosed.
The acquired business will become part of Atlas Copco’s Power and Flow division in the Power Technique business area and legally be part of the Atlas Copco German holding company, Atlas Copco Holding GmbH.
Read the article online at: https://www.hydrocarbonengineering.com/product-news/17012019/atlas-copco-has-acquired-ipv/
You might also like
Neste and SQUAKE enable businesses to opt for SAF in flight booking systems
Neste and SQUAKE have announced a strategic partnership that enables businesses to purchase Neste MY Sustainable Aviation Fuel™ through flight booking systems.