Atlas Copco acquires German pump distributorPublished 7/3 at 12:27
Atlas Copco has acquired German Industrie Pumpen Vertriebs GmbH (IPV), the distributor of industrial pumps for the Varisco brand.
IPV is based in Dresden in Germany, with revenues of approximately €5M in 2017, and around 20 employees, with its main market being the chemical industry. “The industrial segment is key for us in order to further grow our pumps business,” said Andrew Walker, business area president of Power Technique. “The acquisition will strengthen our presence in the north west of Europe.”
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. The acquired business will become part of Atlas Copco’s Power and Flow division in the Power Technique business area, and legally be part of the Atlas Copco German holding company, Atlas Copco Holding GmbH.