Atlas Copco has completed the acquisition of MEDGAS-Technik GmbH. The company is a manufacturer, distributor, installer and service provider of medical air and medical vacuum systems, pipeline equipment and medical supplies.
MEDGAS is headquartered in Berndroth, Germany, and has 80 employees. The company has branch offices in Germany, Austria and Switzerland.
In 2019 the company had a turnover of approximately MSEK 126 (MEUR12).
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
MEDGAS will become part of the Medical Gas Solutions division in the Compressor Technique business area.
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About Atlas Copco
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.
Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries. In 2019, Atlas Copco had revenues of BSEK104 (BEUR 10) and at year-end about 39 000 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 services. In 2019, Atlas Copco China had more than 30 entities and around 6,000 employees.