Atlas Copco expands with acquisition of Malaysian compressor distributor
SWEDEN – The compressor business of JetCan Engineering Sdn Bhd, based in Penang, Malaysia, has been integrated into the Atlas Copco Group.
JetCan, established in 1996, specializes in selling and maintaining compressed air equipment and related accessories.
The company primarily serves industries in food and beverage, electronics, medical devices, and other general manufacturing sectors in northern Malaysia.
The financial terms of the acquisition were not disclosed.
Through the agreement, 24 employees from JetCan have joined Atlas Copco’s service division within its Compressor Technique Business Area.
This development comes shortly after Atlas Copco announced plans to acquire ESA Service S.r.l., an Italian company specializing in leak detection and gas recovery systems.
ESA Service, headquartered in Treviglio, Italy, has been privately owned since its founding in 1980. The company employs 40 staff members and reported revenues of US$11.3 million in 2023.
According to Geert Follens, President of the Vacuum Technique Business Area at Atlas Copco, ESA Service has grown significantly over the years by providing solutions to a wide range of industrial clients.
Although the purchase price remains undisclosed, the deal is anticipated to close in the fourth quarter of 2024.
Once finalized, ESA Service will become part of Atlas Copco’s Scientific Vacuum division under the Vacuum Technique Business Area.
The acquisitions are part of Atlas Copco’s ongoing expansion strategy.
In addition to the Malaysian and Italian businesses, the company recently acquired Perslucht Wilda B.V., a Netherlands-based distributor of compressors.
Perslucht Wilda operates out of Woudenberg and provides services across multiple industries in the region.
Atlas Copco continues to strengthen its global operations through these targeted acquisitions, incorporating specialized services and products into its portfolio while expanding its presence in diverse industrial markets.
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