Pump maker Varisco acquired by Atlas Copco
Sustainable productivity solutions provider Atlas Copco has completed the acquisition of Varisco, an Italian pump manufacturer with a global sales network.
Varisco, employing 135 people, is based in Padua near Venice, Italy, and had revenues of €30 million in 2014.
Founded in 1932, Varisco is known for the design and manufacture of high-quality pumps used by a wide range of customers.
The company’s pumps are typically used to remove unwanted water or other liquids in the construction, mining, and oil and gas industries, but they also find use in industrial process plants and for emergency services in case of floods.
The parties have agreed not to disclose the purchase price.