Atlas Copco Divests Cryogenic Pump Business

Atlas Copco (STO:ATCOA) (STO:ATCOB), a leading provider of sustainable productivity solutions, has sold the Atlas Copco JC Carter business, which produces cryogenic submerged motor pumps.

Atlas Copco sold the Costa Mesa, California, USA-based business to Nikkiso Cryo Inc. of Las Vegas, Nevada, USA. Nikkiso Cryo is a subsidiary to Japan-based Nikkiso Ltd. Atlas Copco JC Carter had around 35 employees. The business was part of Atlas Copco’s Gas and Process division within the Compressor Technique business area.

"We have found a better home for this business,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area. "We believe that it will have a good future under the new ownership.”

The parties have agreed not to disclose the sales price.

Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2014, Atlas Copco had revenues of BSEK 94 (BEUR 10.3) and more than 44 000 employees. Learn more at www.atlascopco.com.

Atlas Copco’s Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.

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