Schedule a Call Back
Atlas Copco acquires Indian vacuum pump maker HHV Pumps
Industry News- Oct 28,21
HHV Pumps designs and manufactures vacuum pumps and systems for applications used in a wide range of industries.
Pune
Atlas Copco – one of the leading companies in portable air compressors, light towers, pumps and handheld tools - has agreed to acquire HHV Pumps Pvt Ltd, which designs and manufactures vacuum pumps and systems for applications used in a wide range of industries.
HHV Pumps was founded in 2009 and is based in Bengaluru, India, and has 151 employees. In the fiscal year of 2020 the company had revenues of approximately $ 6 million (approximately SEK 53 million).
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.
“India is an important market for us and a fast-growing economy. HHV Pumps has a strong reputation and through this acquisition we will strengthen our market presence as well as give us capabilities for local manufacturing," said Geert Follens, Business Area President, Vacuum Technique, Atlas Copco.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. The acquired business will become part of the Industrial Vacuum Division within the Vacuum Technique Business Area. The acquisition is expected to close during the first quarter 2022.
Related Stories
Other Industrial Products
Elgi Equipments releases Q4 FY24-25 results
The company, on a consolidated basis posted a PAT of Rs 947 million for the quarter, compared to a PAT of Rs 913 million in the same period in 2023-2024, representing a growth of 4%.
Read moreHeating & Cooling Equipment
Atlas Copco Group appoints Shalini Sharma as new General Manager
Having been with the company since 2010, Shalini brings a deep understanding of Atlas Copco’s values, culture, and market dynamics, along with over two decades of experience in brand management, c..
Read moreTest & Measuring Instruments
Manufacturers are Driving Down Rising Energy Bills With Acoustic Imaging
Acoustic imaging is helping energy-intensive industries to keep the lights on by driving down operating costs and slashing maintenance expenses, writes Federico de Lucia, FLIR Team Lead of Condition..
Read moreRelated Products
Cast Iron Plug Valve
PUMPS & VALVES
Unitek Valves engages as a trader, wholesaler and
supplier of cast iron plug valves.
Pf Series Fixed Pump
PUMPS & VALVES
HTM Hydraulics Pvt Ltd offers a wide range of PF Series
fixed pump.
PF Series Water Bases Fluid Pump
PUMPS & VALVES
HTM Hydraulics Pvt Ltd offers a wide range of PF series water bases fluid pump.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
