Atlas Copco has Acquired a Leading Provider of Vacuum Pumps in India
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 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.
Source: Atlas Copco AB