Atlas Copco has acquired IPV, a German Pump Distributor
Stockholm, Sweden, January 4, 2019: 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