Atlas Copco acquires screw compressor company
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.