Swedish manufacturer Atlas Copco will establish a fifth business area, Vacuum Technique. Atlas Copco has completed several acquisitions in the vacuum area, leading to the decision to create the new division.
The new business area will be operational Jan. 1, 2017, with about 6,800 employees, including external workforce.
Vacuum Technique had restated revenues of SEK 10.5 billion (US$1.2 billion) for the 12 months ended June 30, 2016. In addition, the new business area will include the operations of certain businesses acquired after June 30, 2016, with combined annual revenues of approximately SEK 4 billion (US$475 million).