Atlas Copco completes the acquisition of German mechanical contractor for the medical industry

Atlas Copco has completed the acquisition of MEDGAS-Technik GmbH.

The company is a manufacturer, distributor, installer and service provider of medical air and medical vacuum systems, pipeline equipment and medical supplies.

MEDGAS is headquartered in Berndroth, Germany, and has 80 employees. The company has branch offices in Germany, Austria and Switzerland.

In 2019 the company had a turnover of approximately MSEK 126 (MEUR12).

The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.

MEDGAS will become part of the Medical Gas Solutions division in the Compressor Technique business area.

More articles on this topic

ITT, Inc. and Hexagon Join Forces to Enhance Industrial Equipment Monitoring Solutions

20.09.2023 -

ITT, Inc.’s i-ALERT® and Hexagon’s j5 Operator Rounds will integrate their machine health data tracking and analysis features to help heavy industries reduce maintenance costs and unplanned downtime. The new offering can identify operational risks in advance, which significantly reduces the possibility of failure in pumps, motors, and other industrial equipment – as well as the costly repairs they require.

Read more