Atlas Copco has agreed to acquire Presys Co., Ltd. The company provides vacuum valves for the semiconductor market. Presys Co., Ltd. is a privately owned company with 134 employees, located in Suwon, Republic of Korea. In 2022, the company had revenues of approximately MKRW 35,000 (MSEK 275*). “Presys’ products are well known within the Korean […]
Vacuum equipment specialist Leybold UK, based in Chessington, Surrey, has been recognised by the Instrumentation Excellence Awards. The Leybold Hygienic Enclosure for vacuum pumps has won Product of the Year Cases and Enclosures. The Awards celebrate the very best professionals, products, projects and companies from across the test, measurement, sensing and control sectors. Leybold UK […]
Franklin Electric Co., Inc. announced its third quarter financial results for fiscal year 2023. Third quarter 2023 net sales were $538.4 million, compared to third quarter 2022 net sales of $551.7 million. Third quarter 2023 operating income was $78.1 million, compared to third quarter 2022 operating income of $80.0 million. Third quarter 2023 EPS was […]
By targeting company-wide emissions as part of an overall strategic goal for carbon neutral operations, filtration giant Parker Hannifin has shown what can be achieved in just one year. Global air filtration experts Parker Hannifin have unveiled exceptional results from their carbon reduction strategy with the first full year of implementation showing substantial savings. With […]
Atlas Copco Group has acquired ACJ, s.r.o., a compressor distributor in Samorin, near Bratislava in western Slovakia. The company has 14 employees and offers sales and service of compressors, dryers, and other compressed air equipment to general industry. “The acquisition will extend our service and sales offering in Slovakia, which is a market where we […]
Celeros Flow Technology (Celeros FT) has finalized the sale of its Filtration business unit to London headquartered private equity firm, PX3 Partners (PX3). Celeros FT entered into a definitive agreement to sell its Filtration business in May and has reached this milestone with the sale effective October 2, 2023. Celeros FT is held by funds […]
Effective January 1, 2024, IT will be represented in Atlas Copco’s Group Management. Marcus Hvied, who today is General Manager IT Services and Head of Group IT (Information Technology) is appointed Senior Vice President, Chief Information Officer and becomes a member of the management team. Marcus Hvied joined the Group in 2018 and has since […]
Hubert Achermann, Vice-Chairman of the Board of Directors of GF and Independent Lead Director is retiring from the Board of Directors on reaching the age limit. The Board of Directors of GF will propose Stefan Räbsamen as a new member to the Annual General Meeting on 17 April 2024. Stefan Räbsamen (1965), Swiss citizen, holds […]
NETZSCH Pumps USA is considerably expanding its pump manufacturing machines and processes in its Exton, Pennsylvania Facility. This expansion allows NETZSCH to serve customers across the country in a more efficient and cost-effective manner. The company has recently changed its name to NETZSCH Pumps USA to underline the importance of its increased manufacturing footprint in […]
The GEMÜ lettering has barely changed in almost 60 years. While the logo has been developed during this time, the letters have largely remained the same. In October 2023, the Ingelfingen-based technology company will introduce its new company logo. Since its foundation in 1964, the valves, measurement and control systems manufacturer GEMÜ has been continuously […]
