Atlas Copco Completes the Acquisition of Vacuum Pumps Business Unit of Oerlikon

Sweden: Atlas Copco, a Sweden based industrial tools and equipment manufacturers, has obtained all the regulatory approvals to complete the buyout of vacuum pumps business unit of Oerlikon, a Switzerland based industrial equipment manufacturer. The acquisition agreement was signed in November, 2015 by both the companies, however the closure of deal with all the regulatory approvals are expected to accomplish by 16 August, 2016. The divestment agreement between Atlas Copco and Oerlikon was based on value of the company which was approximately, USD540.75 million. Post buyout, Oerlikon would focus on its surface solutions and advanced materials business.

TechSci Research depicts that the acquisition of Oerlikon’s vacuum pump business by Atlas Copco would increase the market share of Atlas Copco in global vacuum pump market. Additionally, Oerlikon’s carve out of vacuum pump business to Atlas Copco would aid the later company in increasing its market penetration by enlarging its customer base and widening its vacuum pump product portfolio.

According to the recently published report by TechSci Research, “Global Vacuum Pumps Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, the growing demand from major end user applications such as oil & gas, semiconductors, and other industrial and process industries is forecast to drive sales of vacuum pumps till 2021. In the semiconductor industry, these pumps are largely used in wafer fabrication and materials production. The global semiconductor equipment market was valued at about USD37.5 billion in 2014. Anticipated growth in the semiconductor equipment market over the next five years is expected to drive demand for vacuum pumps, globally, through 2021.