Atlas Copco acquires screw compressor company
Turkish manufacturer will strengthen company’s position in region
Atlas Copco has agreed to acquire the Ekomak Group, a Turkish manufacturer of industrial screw compressors, in a move that Atlas Copco officials said strengthening its market position in the region. Ekomak has a strong domestic position in industries such as metal works, textile and manufacturing.
The privately-held Ekomak was established in 1992 and has around 160 employees. The company develops, produces and sells stationary, oil-injected screw compressors, including variable frequency drive options.
Headquartered in Istanbul with manufacturing in Edirne, Turkey, Ekomak also has its own sales and service operations in Russia and Germany and a network of distributors for other countries.
“By acquiring Ekomak, we will further expand and strengthen our presence in Turkey and Russia. Ekomak is a well-established brand within its segments and markets. It has a strong potential for further growth and is a good complement to our existing offering,” says Stephan Kuhn, Business Area President for Compressor Technique.
Ekomak will be part of the Industrial Air division within Compressor Technique. The acquisition is expected to be closed during the third quarter of 2012.
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.