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Swedish manufacturer Atlas Copco has acquired the Dresden, Germany based Industrie Pumpen Vertriebs GmbH (IPV). IPV is a distributor of industrial pumps for the Varisco brand. Terms of the transaction were not disclosed.
The main market for IPV is the chemical industry. “The industrial segment is key for us in order to further grow our pumps business,” said Andrew Walker, Business Area President Power Technique. “The acquisition will strengthen our presence in the north west of Europe”.
The acquired business will become part of Atlas Copco’s Power and Flow division in the Power Technique business area and legally be part of the Atlas Copco German holding company, Atlas Copco Holding GmbH.