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Record order intake, solid revenues and profitability
Mats Rahmström, President and CEO of the Atlas Copco Group, comments on the report for Q1 that was released today. “This was a very strong quarter,” said Mats Rahmström. ”Primarily due to several significant orders and strong project-related business, the order intake increased more than expected and reached a new record level.“ Order volumes for industrial compressors increased, driven by larger compressors. For gas and process compressors, the order growth was extraordinary. The demand for power equipment was strong, especially for portable compressors. Customers’ continued investments in projects for electric vehicle production led to markedly increased order volumes for industrial assembly and vision solutions. Order volumes for vacuum equipment decreased significantly due…
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Atlas Copco completes acquisition of US based vacuum service provider
Atlas Copco has completed the acquisition of Trillium US Inc. The company provides vacuum pump services to semiconductor and general vacuum customers. It also has a small manufacturing business focused on piston and cryogenic pumps. Trillium US Inc. is a privately owned company with approximately 140 employees, headquartered in Clackamas, Oregon, with additional sites in Hamburg, New Jersey, and Austin, Texas. In 2022, the company had revenues of approximately MUSD 27 (MSEK 270*). The purchase price is not disclosed. The business becomes part of the Semiconductor Service Division within the Vacuum Technique Business Area. *Based on the average exchange rate in 2022. Firmenkontakt und Herausgeber der Meldung: Atlas Copco Deutschland…
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Atlas Copco celebrates 150 years of innovations
Atlas Copco, founded in Stockholm in 1873, today celebrates its 150-year anniversary. During a century and a half, Atlas Copco has been driving development and delivering breakthrough innovations to customers in many different industries. “We are extremely proud of our past, and we continue to shape the future through our technologies and service solutions,” said Mats Rahmström, CEO and President of the Atlas Copco Group. “Much has changed since 1873 when we were a small local start-up. But I think our founders would recognize our innovative spirit, the passion shown by our employees and our dedication to drive development together with our customers.” Atlas Copco was founded in Stockholm, Sweden,…
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Atlas Copco to acquire a Korean cryopump service provider and distributor
Atlas Copco has agreed to acquire the cryopump service and distribution business of ZEUS Co., Ltd. The business provides service and sales distribution for the Vacuum Technique business area’s CTI and Polycold products in South Korea. The seller of the business, ZEUS Co., Ltd (ZEUS), is a company listed on the KOSDAQ Korea Exchange. The business unit that Atlas Copco is acquiring from ZEUS is located in Gyeonggi-do, south of Seoul, and has 59 employees. In 2021, the business had revenues of approximately BKRW 15 (MSEK 119*). “We have had a successful relationship with ZEUS since acquiring the CTI business from Brooks in 2019”, said Geert Follens, Business Area President…
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Atlas Copco to acquire German manufacturer of mobile industrial vacuum and blower equipment
Atlas Copco has agreed to acquire CVS Engineering GmbH, a German manufacturer of industrial vacuum pumps and blowers for mobile use on tanker trucks and other types of transport. CVS Engineering GmbH (CVS Engineering) is headquartered in Rheinfelden, Germany, and has 76 employees. In 2021, the company had an annual revenue of approx. MEUR 20 (approx. MSEK 200*). “The acquisition will add to our mobile vacuum solutions portfolio, allowing us to expand further in this market,’’ said Geert Follens, Business Area President Vacuum Technique. “The acquisition of CVS Engineering will allow us to increase our footprint in Europe.” The purchase price is not disclosed. CVS Engineering GmbH will become part…
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Atlas Copco strengthens US presence with new manufacturing facilities for the semiconductor industry
Edwards, part of the Atlas Copco Group, is opening the doors to two new manufacturing facilities in Arizona and Massachusetts to support the fast-growing North American semiconductor market. “We are increasing our presence in the US to be close to our customers, who are committing large investments in US semiconductor manufacturing,” said Geert Follens, Business Area President Vacuum Technique. “Agile operations, increased capacity and local-for-local supply are essential to supporting our customers, and our Chandler and Haverhill investments will play a key role in the continued growth of safe, productive and environmentally sustainable chip manufacturing in North America.” The 200,000-square-foot facility in Chandler, Arizona, began operations in late November and…
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Atlas Copco completes acquisition of Chinese manufacturer of on-site gas generation
Atlas Copco has completed the acquisition of the assets in Suzhou Since Gas System Co., Ltd. (Since Gas), a China-based manufacturer of on-site gas generation equipment. Since Gas is a privately owned company headquartered in Suzhou, Jiangsu province, with presence throughout China. In 2021, the company had revenues of approximately 70 MCNY (MSEK 93*). The company has 80 employees. The company specializes in on-site gas generation for a broad spectrum of industries including metals, petrochemical, marine and electronics. The purchase price is not disclosed. The acquired business will become part of the Industrial Air division within the Compressor Technique Business Area. *Based on the average exchange rate in 2021. Über…
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Third-quarter report 2022
The comparison figures presented in this report refer to previous year unless otherwise stated. Third quarter Orders received increased 23% to MSEK 40 555 (33 023), organic growth of 6% Revenues increased 37% to MSEK 38 074 (27 824), organic growth 18% Operating profit was MSEK 8 378 (6 000), corresponding to a margin of 22.0% (21.6) Adjusted operating profit, excluding items affecting comparability, reached MSEK 8 469 (6 109), corresponding to a margin of 22.2% (22.0) Profit before tax amounted to MSEK 8 448 (5 945) Basic earnings per share were SEK 1.34 (0.94, adjusted for share split) Operating cash flow at MSEK 5 705 (4 664) Return on capital employed…
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Atlas Copco has acquired Danish manufacturer of on-site gas generation equipment
Atlas Copco has acquired Oxymat A/S, a Danish supplier of on-site oxygen and nitrogen solutions. Oxymat is a privately owned company headquartered in Helsinge, Denmark, with production facilities in Denmark and Slovakia. The company has 146 employees, and in 2021, they had revenues of approximately MDKK 301 (MSEK 411*). Oxymat specializes in on-site gas generation solutions for a wide range of industries including aquaculture, water treatment, medical, marine and mining. By converting bulk or cylinder supply of gas to on-site generation, the need of frequent truck transport can be avoided, thereby reducing the carbon footprint. “Oxymat is a strong brand with a global presence in on-site nitrogen and oxygen markets,”…
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Atlas Copco has acquired a Canadian vacuum distributor and service provider
TECHNI-V-AC is a privately owned company with 10 employees, located in Montreal, Québec. The acquisition will further strengthen Atlas Copco Vacuum Technique’s presence in Canada. “We have had a successful partnership with TECHNI-V-AC for many years”, said Geert Follens, Business Area President Vacuum Technique. “This acquisition is an opportunity to develop additional business in the Canadian market.” The purchase price is not disclosed. The company will operationally become part of the Vacuum Technique Service Division within the Vacuum Technique Business Area. Firmenkontakt und Herausgeber der Meldung: Atlas Copco Deutschland Langemarckstr. 35 45141 Essen Telefon: +49 (201) 21770 http://www.atlascopco.de/ Ansprechpartner: Daniel Althoff Telefon: +46 (76) 899-9597 E-Mail: media@atlascopco.com Weiterführende Links Originalmeldung von Atlas Copco…
