By Dominic Chopping

STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said Friday that it has agreed to acquire the assets of Shandong Bozhong Vacuum Technology Co., Ltd, a China-based company that develops and manufactures liquid ring vacuum pumps and systems.

Shandong Bozhong Vacuum Technology is located in Zhangdian District, Zibo, Shandong province, China and employs 116 people.

In 2021, the company had revenues of around 90 million Chinese yuan ($13.3 million).

The purchase price wasn't disclosed.

The acquisition is expected to close in the first quarter of 2023.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

August 05, 2022 08:59 ET (12:59 GMT)

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