Atlas Copco has acquired IBVC Vacuum, S.L.U, known as Iberica Vacuum. The company’s customers are mainly industrial and scientific companies as well as universities and research institutes in Spain and Portugal.
Iberica Vacuum is a privately owned company and has 10 employees. The company is located in Madrid, Spain, and is the Edwards vacuum distributor in Spain and Portugal.
“We have had a successful partnership with Iberica Vacuum in Spain and Portugal since its founding in 2007”, said Geert Follens, Business Area President Vacuum Technique. “Through this acquisition, we will get the opportunity to better serve current customers and further strengthen our market presence for the Edwards brand in this key region of Southern Europe.”
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The company will become part of the Vacuum Technique Service Division within the Vacuum Technique Business Area.
About Atlas Copco
Our industrial ideas empower our customers to grow and drive society forward. This is how we create a better tomorrow. Atlas Copco is a global industrial group, founded in 1873 in Stockholm. In 2020 we had revenues of BSEK100 (BEUR 10) and at year end about 40 000 employees.
Atlas Copco entered China market in the 1920s. Today, the Group's four business areas - Compressor Technique, Vacuum Technique, Industrial Technique and Power Technique have all presented in China market, providing customers with innovative products and service. In 2020, Atlas Copco China had more than 20 entities and around 6,000 employees.