Atlas Copco acquires cryogenic pump business
Stockholm, Sweden, January 24, 2011: Atlas Copco Mafi-Trench LLC, USA, has signed an agreement to acquire the pump business from J.C. Carter LLC, headquartered in California, USA.J.C. Carter is a leading producer of cryogenic submerged motor pumps, which have many applications in the growing natural gas market. The company’s products are primarily used in liquid natural gas regasification and liquefaction plants, and natural gas liquid processing. In 2009 the company had around 70 employees and revenues of approximately MUSD 25 (MSEK 175).“The acquisition will extend Atlas Copco’s