Nacka, Sweden, July 17, 2023: Atlas Copco has completed the acquisition of the cryopump service and distribution business of ZEUS Co., Ltd. The business provides service and sales distribution for the Vacuum Technique business area’s CTI and Polycold products in South Korea.
Atlas Copco completes acquisition of Korean cryopump service provider and distributor
July 17, 2023
The seller of the business, ZEUS Co., Ltd (ZEUS), is a company listed on the KOSDAQ Korea Exchange. The business unit that Atlas Copco is acquiring from ZEUS is located in Gyeonggi-do, south of Seoul, and has 59 employees. In 2021, the business had revenues of approximately BKRW 15 (MSEK 119*).
The CTI and Polycold products are cryogenic vacuum pumps and refrigeration systems used in semiconductor manufacturing and general vacuum applications.
The purchase price is not disclosed.
The business becomes part of the Semiconductor Service Division within the Vacuum Technique Business Area, operating under the Edwards brand.
*Based on the average exchange rate in 2021.
For more information, please contact:
- Daniel Althoff, Vice President Investor Relations
+46 76 899 9597
[email protected]
- Amanda Billner, Media Relations Manager
+46 73 58 25 670
[email protected]
Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind. In 2022, Atlas Copco Group had revenues of BSEK 141 and at year end about 49 000 employees.
20230717 Atlas Copco completes acquisition of Korean cryopump service provider and distributor
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