Nacka, Sweden, January 21, 2022: Atlas Copco has completed the acquisition of HHV Pumps. The company designs and manufactures vacuum pumps and systems for applications used in a wide range of industries.
HHV Pumps was founded in 2009 and is based in Bengaluru, India, and has 151 employees. In the fiscal year of 2020, the company had revenues of approximately MUSD 6 (approximately MSEK 53). HHV Pumps is a provider of vacuum pumps used for chemical and pharmaceutical industries, electrical power equipment, general industry, and rotary vane pumps used for manufacturing refrigeration and air-conditioning.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. The acquired business becomes part of the Industrial Vacuum Division within the Vacuum Technique Business Area.