The company believes the aquisition will strengthen its presence in the American portable compressor market and extend its reach in oil and gas applications.
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The company hopes to grow its presence in the two markets.
Atlas Copco expands into Southeastern U.S. with the acquisition of MS-based Compressed Air Technologies.
Compressor distributor Pacific Air Compressors will expand Atlas Copco's geographic footprint in the Portland area.
Hycomp has 37 employees and had total 2023 revenues of approximately $8.3 million.
Pump, compressor and vacuum equipment manufacturer Atlas Copco added three distributors to its compressor business.
Sykes is a global manufacturer of dewatering pumps, predominantly used for transferring water with solids and abrasive nature.
