By Joe Hoppe

 

Atlas Copco AB said Wednesday that it has agreed to acquire HHV Pumps Pvt. Ltd., a designer and manufacturer of vacuum pumps and systems used in a range of industries for an undisclosed amount.

The Swedish industrial tool maker said the purchase price isn't material relative to its market capitalization, but the acquisition is expected to close in the first quarter of 2022.

Atlas said India-based HHV Pumps has 151 employees, and in 2020 posted revenue of around $6 million.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

October 27, 2021 13:36 ET (17:36 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Atlas Copco (PK) (USOTC:ATLKY)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Atlas Copco (PK) Charts.
Atlas Copco (PK) (USOTC:ATLKY)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Atlas Copco (PK) Charts.