Atlas Copco Buys Vacuum-Pump Maker Edwards for $1.2 Billion

Atlas Copco AB (ATCOA) agreed to buy Edwards Group Ltd. (EVAC) for $1.2 billion in cash to expand in vacuum pumps for semiconductor production and further broaden a client base beyond the construction and mining industry.

The purchase is Atlas Copco’s biggest for 14 years, and it follows six other takeovers this year, including Shandong Rock Drilling Tools Co. Edwards taps a $6-billion vacuum-pump market with an offering of smaller-scale units used in semiconductor production and flat panels.

“It is a great fit,” said Atlas Chief Executive Officer Ronnie Leten in the statement. “The vacuum solutions market is growing and has similar characteristics to our existing industrial businesses.”

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