Atlas Copco Group has completed the acquisition of Sykes Group from Seven Group Holdings (SGH) - a company listed on the Australian Securities Exchange.
Sykes is a global manufacturer of dewatering pumps, predominantly used for transferring water with solids and abrasive nature within the mining and wastewater sectors.
It is headquartered in Newcastle, New South Wales, Australia. Sykes has 123 employees globally and annual revenues of approximately $65 million (€39 million).
Sykes serves the mining and wastewater segments with a wide range of surface dewatering pumps, together with chopper and cutter technologies for wastewater applications.
It also has a complete and versatile portfolio of hydraulic submersible pumps.
The purchase price has not been disclosed.
The business becomes part of the Power and Flow Division within the Power Technique Business Area.
Atlas Copco acquires dewatering pump manufacturer
