Swedish industrial manufacturer Atlas Copco on Thursday announced it has acquired CPC Pumps International Inc., Burlington, Ontario. The company specializes in the design, manufacturing and servicing of custom-engineered, mission critical centrifugal pumps. Financial terms of the deal weren’t disclosed.
CPC Pumps has 110 employees and serves customers in North America. In the fiscal year 2020 the company had revenues of approximately C$56 million (US$44.8 million).
“CPC Pumps is a very good fit because both its technology and market presence correspond well with our existing Gas & Process business,” said 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 capitalization and is not disclosed.
CPC Pumps will become part of the Gas and Process division within the Compressor Technique business area.