Sweden-based compressors and pumps manufacturer Atlas Copo acquired Salt Lake City, UT-based Hycomp, a manufacturer and seller of specialized high-pressure oil-free compressors and boosters for a variety of industries.
Atlas Copco noted that Hycomp has 37 employees and had total 2023 revenues of approximately $8.3 million.
READ MORE: MDM’s 2023 M&A Recap: A Mega Year in Dealmaking Activity (Premium)
Terms of the deal were not disclosed. Hycomp will become part of Atlat Copco’s Professional Air Division within its Compressor Technique business unit.
“Hycomp has extensive know-how in high-pressure oil-free compressors, and the acquired technology complements our existing technologies, allowing us to extend our current product range,” said Vagner Rego, Atlas Copco Compressor Technique Business Area President.
Related Posts
-
The new location will stock drywall, acoustical ceilings, fiberglass insulation, residential and commercial spray foam.
-
Sykes is a global manufacturer of dewatering pumps, predominantly used for transferring water with solids…
-
Pump, compressor and vacuum equipment manufacturer Atlas Copco added three distributors to its compressor business.
