Atlas Copco has today (4th August) agreed to acquire the assets of Suzhou Gas System.
Based in China, Suzhou Gas System specialises in on-site gas generation for a broad spectrum of industries including metals, petrochemical, marine and electronics.
Looking ahead, Atlas Copco said the acquired business will become part of the Industrial Air division within the Compressor Technique Business Area.
Vagner Rego, Business Area President Compressor Technique, said, “Suzhou Since Gas System is a well-established and reputable company.”
“Their product portfolio, expertise and geographical coverage make them a good fit for us.”
“This acquisition will consolidate our local presence in China, one of the world’s largest nitrogen and oxygen markets.”
The deal is expected to close in Q4 (2022). The purchase price was not disclosed.