Atlas Copco acquires specialised centrifugal pump company

Source: press release, 5 August 2021

Atlas Copco Senior Executive Vice President and Business Area President Compressor Technique, Vagner Rego
Atlas Copco Senior Executive Vice President and Business Area President Compressor Technique, Vagner Rego (photo: Atlas Copco)

Atlas Copco has acquired CPC Pumps International Inc. The company specialises in the design, manufacturing, and servicing of custom-engineered, mission critical centrifugal pumps.

CPC Pumps has 110 employees and is based in Burlington in Ontario, Canada, with North America as their main market. In the fiscal year 2020 the company had revenues of approximately SEK 385 million (CAD 56 million).

“CPC Pumps is a very good fit because both its technology and market presence correspond well with our existing Gas & Process business,” says Vagner Rego, Business Area President for the Compressor Technique Business Area. “The acquisition adds complementary assets to our portfolio and strengthens our market position.”

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

CPC Pumps will become part of the Gas and Process division within the Compressor Technique business area.