Atlas Copco acquires Chinese manufacturer of compressed air treatment products
Stockholm, Sweden, February 13, 2012: Atlas Copco (China) Investment Co. Ltd. has acquired the Wuxi Shengda Air/Gas Purity Equipment Co., Ltd. in China; a company with annual revenues of MCNY 95 (MSEK 85). The acquisition extends Atlas Copco’s market presence and product offering in China.
Wuxi Shengda is based in and has production facilities inWuxi, nearShanghai, where it manufactures compressed air and gas drying and filtration equipment. It is a privately owned company with 130 employees, and has been active in the air treatment industry since 1996.
“This acquisition is in line with Atlas Copco’s strategy to offer complete solutions to our customers,” said Stephan Kuhn, Business Area President of Atlas Copco Compressor Technique. “It provides us with a wider and more complete range of air and gas treatment equipment, and increases our production, sales and service presence in China.”
Shengda’s customer base mainly consists of state-owned steel, car manufacturing, petrochemical, textiles and electronics companies. The company, which will become part of Atlas Copco Compressor Technique’s Quality Air division, will continue to operate under the Shengda brand name.
For further information please contact:
Stephan Kuhn, Business Area President, Compressor Technique
+32 (0)3 870 2938 or +32 (0)474 881 154
Daniel Frykholm, Media Relations Manager
+46 (0)8 743 8060 or +46 (0)70 865 8060
Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2011, Atlas Copco had 37 500 employees and revenues of BSEK 81(BEUR 9). Learn more at www.atlascopco.com.
Atlas Copco’s Compressor Technique business area provides industrial compressors, gas and process compressors and expanders, air and gas treatment equipment and air management systems. It has a global service network and offers specialty rental services. Compressor Technique innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.