Atlas Copco Has Bought China's Wuxi Shengda Air/Gas Purity Equipment Co Ltd

Atlas Copco (China) Investment Co Ltd has bought China’s Wuxi Shengda Air/Gas Purity Equipment Co Ltd. Based in Wuxi, near Shanghai, Wuxi Shengda manufactures compressed air and gas drying and filtration equipment. The company is privately owned with 130 employees and annual revenues of CNY95 million, and has been active in the air treatment industry since 1996. “This acquisition is in line with Atlas Copco’s strategy to offer complete solutions to our customers, ” explained Stephan Kuhn, Business Area President of Atlas Copco Compressor Technique. “It provides us with a wider and more complete range of air and gas treatment equipment, and increases our production, sales and service presence in China. ” The company, which will become part of Atlas Copco Compressor Technique’s Quality Air division, will continue to operate under the Shengda brand. Source: filtsep.com