Atlas Copco to Buy South Korean Cryopump Service and Distribution Business
January 31 2023 - 4:09AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said
Tuesday it has agreed to acquire the cryopump service and
distribution business of Zeus Co.
The business unit that Atlas Copco is acquiring from Zeus is
located in Gyeonggi-do, south of Seoul, and has 59 employees. It
had revenue of around 15 billion Korean won ($12.2 million) in
2021.
The purchase price wasn't disclosed.
The acquisition is subject to regulatory approval and is
expected to close during the second quarter of 2023.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
January 31, 2023 03:54 ET (08:54 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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