NEWS
Combining strengths
Atlas Copco to acquire Italian pump manufacturer Trelleborg acquires marine docking and mooring solutions company
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tlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire Varisco, an Italian pump manufacturer with a global sales network. Varisco is based in Padua near Venice, Italy, and had revenues in 2014 of €30 million. It employs about 135 people. Founded in 1932, Varisco is known around the world for the design and manufacture of high-quality pumps used by a wide range of customers. The pumps are typically used to remove unwanted water or other liquids in the construction, mining, and oil and gas industries; they are also used in industrial process plants and for emergency services in case of floods. “The pump business is a focused growth segment for us,” said Andrew Walker, president of Atlas Copco’s Construction Technique business area. “Varisco’s outstanding products and customer base make this an attractive acquisition.” Varisco will become part of the Portable Energy division in the Construction Technique business area. Visit: www.atlascopco.com
Lifco acquires Redoma Recycling AB’s operations
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ifco has signed an agreement to acquire Redoma Recycling AB’s operations. Redoma Recycling is a Swedish based company, specialised in designing and manufacturing small and mid-size cable recycling lines. In 2015, Redoma Recycling’s sales amounted to approximately SEK 25 million. The operations will be consolidated in the division Environmental Technology within the business area Systems Solutions. The acquisition will not have any significant effect on Lifco’s earn-
ASSA ABLOY acquires CEDES in Switzerland
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SSA ABLOY has signed an agreement to acquire the Swiss company CEDES, a leading company in sensor technology to the door and elevator industry. “It is with satisfaction that I welcome CEDES into the ASSA ABLOY Group. CEDES represents an important step in the strategy of adding 16 Industry Europe
ings or financial position in the current financial year. Redoma Recycling AB was established in 1984 and has its headquarters in Malmö, Sweden. The company has eight employees. Lifco acquires and develops market-leading niche operations with the potential to deliver sustainable profit growth and strong cash flows. The group has three business areas: Dental, Demolition & Tools and Systems Solutions. Visit: www.lifco.se more intelligence within entrance automation. Our entrance automation business has grown from SEK 3 billion in 2008 to more than SEK 18 billion proforma in 2015,” says Johan Molin, president and CEO of ASSA ABLOY. “CEDES’s competence, experience and product offering in the sensor field is a strong addition to our current product portfolio and will lead to highly innovative
relleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement to acquire Marimatech AS, a market-leading company in marine positioning and piloting systems, primarily specialising in the development of software used for docking or mooring ships offshore or in ports. The acquisition will broaden and supplement Trelleborg’s product portfolio within berthing, docking and mooring solutions for ports and vessels. The acquired company has its head office and production site in Aarhus, Denmark. The company’s global sales totaled approximately SEK 50 million in 2014. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments. “The acquired company has a successful navigation and ship positioning product line using the latest ‘smart’ technology, which can be used on other marine applications and integrated with our existing range of products. This transaction will enable us to strengthen our offering as an attractive turnkey supplier of marine docking and mooring solutions for owners and managers of ports and vessels,” says Fredrik Meuller, president of the Trelleborg Offshore & Construction business area. Visit: www.trelleborg.com
and integrated solutions combining different technologies that will create new customer benefits,” says Juan Vargues, executive vice-president of ASSA ABLOY and head of Division Entrance Systems. CEDES was established in 1986 and has some 340 employees. The company is headquartered in Landquart, Switzerland. Visit: www.assaabloy.com
