25/01/2022 – New part of the Industrial Vacuum Division
Atlas Copco has completed the acquisition of HHV Pumps
The company designs and manufactures vacuum pumps and systems for applications used in a wide range of industries. HHV Pumps Pvt. Ltd. was founded in 2009, is headquartered in Bengaluru, India, and employs 151 people.
Atlas Copco has completed the acquisition of HHV Pumps Pvt. Ltd. © Atlas Copco
In the fiscal year of 2020 the company had revenues of approximately MUSD 6 (approx. MSEK 53). HHV Pumps is a leading provider of vacuum pumps used for chemical and pharmaceutical industries, electrical power equipment, general industry, and rotary vane pumps used for manufacturing refrigeration and air-conditioning.The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. The acquired business becomes part of the Industrial Vacuum Division within the Vacuum Technique Business Area.
Atlas Copco Group
Atlas Copco is a global industrial group, founded in 1873 in Stockholm. In 2020 they had revenues of BSEK100 (BEUR 10) and at year end about 40 000 employees. www.atlascopcogroup.com
