Atlas Copco Buys Chinese Gas-Generation Equipment Maker
August 04 2022 - 5:02AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said
Thursday it has agreed to buy the assets of Suzhou Since Gas System
Co., Ltd., a China-based manufacturer of on-site gas-generation
equipment.
Suzhou Since Gas System is a privately-owned company
headquartered in Suzhou, Jiangsu province, with a presence
throughout China.
In 2021, the company had revenue of around 70 million Chinese
yuan ($10.4 million). The company has 80 employees.
The purchase price wasn't disclosed.
The deal is expected to close in the fourth quarter of the
year.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
August 04, 2022 04:47 ET (08:47 GMT)
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