https://www.engineeringnews.co.za

Atlas Copco establishes Vacuum Technique – moves forward with five business areas

25th November 2016

  

Font size: - +

This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.

Atlas Copco  (0.06 MB)

Atlas Copco, a leading provider of sustainable productivity solutions, established a fifth business area, Vacuum Technique. The new business area will be operational from January 1, 2017 and have approximately 6 800 employees, including external workforce. 

The new business area had restated revenues of SEK 10.5 billion (USD 1.2 billion) for the 12 months ended June 30, 2016. In addition, the new business area will include the operations of certain businesses acquired after June 30, 2016, with combined annual revenues of approximately SEK 4 billion (MUSD 475).

Since the acquisition of Edwards Group in January 2014, Atlas Copco’s vacuum business has been growing. Several acquisitions in the vacuum area have been made or are under way, including Leybold and CSK, providing the opportunity to create a dedicated business area.

"Our ambition is to become the global leader in vacuum solutions," said Ronnie Leten, President and CEO of the Atlas Copco Group. "The global vacuum business is a growth area and by creating a separate business area with a dedicated organisation the already strong customer focus will increase further." The main markets served are semiconductor, scientific and a wide range of industrial segments including chemical process industries, food packaging and paper handling.

From January 1, 2017, Atlas Copco will have five business areas; Compressor Technique, Vacuum Technique, Industrial Technique, Mining and Rock Excavation Technique, and Construction Technique. Following the establishment of a fifth business area, the Vacuum Solutions division within Compressor Technique will no longer be operational and its business will move to Vacuum Technique.

The recruitment of a business area president for Vacuum Technique will start immediately.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.41 0.47s - 158pq - 2rq
Subscribe Now