Atlas Copco buys CPC Pumps International
By Keefe Borden11 August 2021
Atlas Copco has acquired CPC Pumps International Inc., a company that specializes in the design, manufacturing and servicing of custom-engineered, mission-critical centrifugal pumps.
CPC Pumps has 110 employees and is based in Burlington in Ontario, Canada, with North America as their main market. In the fiscal year 2020, the company had revenues of about C$56 million.
“CPC Pumps is a very good fit because both its technology and market presence correspond well with our existing gas & process business”, said Vagner Rego, business area president for the Compressor Technique Business Area. “The acquisition adds complementary assets to our portfolio and strengthens our market position.”
CPC Pumps will become part of the Atlas Copco’s gas and process division within the compressor technique business area. Atlas Copco did not disclose the purchase price, but said it is not material relative to its market capitalization.