Guangdong Euroklimat Air-Conditioning & Refrigeration Co, a Chinese manufacturer of industrial heating and cooling solutions will become part of the Atlas Copco Group – marking another addition to the Swedish company’s portfolio.
Guangdong Euroklimat provides heating and cooling solutions, particularly focusing on a wide range of industrial applications, including process cooling and energy conversion. Founded in 2009, the Chinese group of companies is located in Guangdong Province and in Tianjin with factory and assembly plants. Guangdong Euroklimat also has sales offices in Southeast Asia.
“I am convinced that Guangdong Euroklimat, with it’s strong local presence in China, will be a great fit for the Group both when it comes to technology and the company’s entrepreneurial culture,” said Philippe Ernens, business area president, Compressor Technique.
“This acquisition will further strengthen our journey towards a complete range of air- and water-cooled chillers, industrial heat pumps, centralized air handling units and dry coolers. The solutions are used in various industries and can cater to a complete utility room. I am particularly happy to see that monitoring, control and optimization solutions have been developed to reduce energy in the process.”
The purchase price is not disclosed. In 2025, the company had revenues of 1281 million RMB (Renminbi) (1.8 BSEK – Billion Swedish Kronor*) and approximately 1000 employees.
The acquisition is subject to regulatory approval and is expected to close during the third quarter of 2026. The company will become part of the oil-free air division within the compressor technique business area.
Over the years, the Atlas Copco Group has taken over quite a few companies across the globe. In January 2025. US-based high-pressure oil-free compression technology had become part of the Atlas Copco Group. A year before that, Atlas Copco had completed the acquisition of the cryopump service and distribution business of Zeus Co of South Korea.
Atlas Copco has a presence in India with Vikram Gulliani, business line manager – air & gas applications, compressor technique, recently speaking to Packaging South Asia’s Shardul Sharma about on PET packaging industry’s growth drivers and role of oil-free compressors.
The group’s Q2 result was recently released, with the order intake in the second quarter increasing 27% to MSEK (Million Swedish Kronor) 50951 (40 087), an organic increase of 26%. Revenues were MSEK 44974 (41210), an organic increase of 8%.
Operating profit reached MSEK 9249 (8493), corresponding to a margin of 20.6% (20.6). Adjusted operating profit, excluding items affecting comparability, was MSEK 9455 (8 411), corresponding to a margin of 21.0% (20.4). Return on capital employed was 24% (26).
“The demand for Atlas Copco Group’s products, services and solutions improved significantly, particularly from the semiconductor industry,” said Vagner Rego, president and CEO of Atlas Copco Group, on the Q2 results.
“We delivered double-digit order growth in all business areas and saw high activity level among almost all of our customer segments.”
“I am very proud to see the development during the second quarter. The high demand from our customers reflects their confidence in us and our strong market position. This shows our investments, both in research and development as well as in acquisitions, continue to pay off,” Rego said.
