Atlas Copco has acquired Germany’s Industrie Pumpen Vertriebs GmbH (IPV), a distributor of industrial pumps for the Varisco brand.
Dresden-based IPV, whose market is the chemical industry, had revenues of approximately €5m and around 20 employees in 2017.
“The industrial segment is key for us in order to further grow our pumps business,” said Andrew Walker, Business Area President Power Technique.
“The acquisition will strengthen our presence in the north and west of Europe,” Walker continued.
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