Atlas Copco buys vacuum pumps company
By Keefe Borden21 January 2022
Atlas Copco has completed the acquisition of HHV Pumps Pvt. Ltd, a company 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. It has 151 employees. In the fiscal year of 2020 the company had revenues of approximately MUSD 6 (approx. MSEK 53), Atlas Copco said.
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. Its RD series of roots pump is designed for moving large quantities of gas at high pressure and are used in a range of industries.
Atlas Copco did not reveal the value of the deal, but said it was not material relative to its market capitalization. The acquired business becomes part of the Industrial Vacuum Division within the Vacuum Technique Business Area, Atlas Copco reported.