Atlas Copco establishes Vacuum Technique

Atlas Copco will establish a fifth business area, Vacuum Technique. The new business area will be operational from 1 January 2017 and have approximately 6800 employees, including external workforce.

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

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 organization the already strong customer focus will increase further."

The main markets served are semiconductor, scientific and a wide range of industrial segments.

From 1 January 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.

Adapted from press release by Joseph Green

Read the article online at: https://www.worldcement.com/europe-cis/25082016/atlas-copco-establishes-vacuum-technique/