Atlas Copco acquires provider of vacuum pumps in India

Strengthens Vacuum Technique Business Area

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Atlas Copco
Industrial Vacuum Division at Atlas Copco. Photo Atlas Copco

Nacka, Sweden, January 21, 2022: Atlas Copco has completed the acquisition of HHV Pumps The company designs and manufactures vacuum pumps and systems for applications used in a wide range of industries. 

HHV Pumps was founded in 2009 and is based in Bengaluru, India, and has 151 employees. In the fiscal year of 2020, the company had revenues of approximately MUSD 6 (approximately MSEK 53). HHV Pumps is a provider of vacuum pumps used for chemical and pharmaceutical industries, electrical power equipment, general industry, and rotary vane pumps used for manufacturing refrigeration and air-conditioning. 

The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. The acquired business becomes part of the Industrial Vacuum Division within the Vacuum Technique Business Area.

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

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