Atlas Copco acquires U.S. vacuum solutions business
December 16, 2015
Stockholm, Sweden, December 4, 2015: Atlas Copco, a leading provider of sustainable productivity solutions, has acquired U.S. vacuum pump service provider Innovative Vacuum Solutions Inc.
Innovative Vacuum Solutions is based in Tampa, Florida, and has 19 employees. The company, which was privately owned, specializes in the repair and maintenance of industrial and high vacuum pumps and related equipment, mainly on the U.S. East Coast. Innovative Vacuum Solutions had revenues in 2014 of about MUSD 4.2 (MSEK 32).
“This acquisition fits well into our strategy of increasing our presence in the U.S. vacuum market by providing high-quality service for our customers,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area.
The acquired company becomes part of Edwards Vacuum, LLC within the Vacuum Solutions division in Atlas Copco’s Compressor Technique business area. The parties have agreed not to disclose the purchase price.