Swedish industrial equipment company, Atlas Copco, has announced the acquisition of the assets of James E. Watson & Co., a Marietta-based distributor of vacuum equipment and service solutions. The deal will allow Atlas Copco to expand its existing footprint in the region and enhance its presence in diverse industrial markets with vacuum equipment and service solutions.
Vacuum Equipment and Service Solutions Specialist
James E. Watson & Co. is a leading provider of vacuum equipment and service solutions to process industries, including the production of chemicals and paper, woodworking, and food packaging. With seven employees and a presence throughout the southeastern region of the United States, the company primarily serves Alabama, Georgia, and Tennessee states.
Geert Follens, Business Area President Vacuum Technique at Atlas Copco, said, “This acquisition will complement our existing footprint in the region. The company has a strong reputation and is serving diverse industrial markets with vacuum equipment and service solutions.”
The purchase price of the acquisition has not been disclosed. However, the acquired business will become part of the Industrial Vacuum Division within the Vacuum Technique Business Area of Atlas Copco.
Expansion of Industrial Vacuum Division
Atlas Copco’s acquisition of James E. Watson & Co. is part of the company’s strategy to expand its presence in the US industrial equipment market. By acquiring the assets of James E. Watson & Co., Atlas Copco can increase its market share and provide its customers with a wider range of vacuum equipment and service solutions.
The acquisition also allows Atlas Copco to strengthen its Industrial Vacuum Division, which provides vacuum equipment and service solutions to a range of industries, including the semiconductor, chemical, and automotive industries. The Industrial Vacuum Division is part of the Vacuum Technique Business Area, which accounted for approximately 20% of Atlas Copco’s total revenue in 2021.
Strategic Acquisition for Future Growth
The acquisition of James E. Watson & Co. is a strategic move for Atlas Copco as the company looks to expand its presence in the US industrial equipment market. The acquisition will allow Atlas Copco to increase its market share and provide its customers with a wider range of vacuum equipment and service solutions.
The move is part of a broader strategy by Atlas Copco to grow its business through targeted acquisitions and organic growth. The company has a strong balance sheet and is well-positioned to take advantage of growth opportunities in the industrial equipment market.
Conclusion
Atlas Copco’s acquisition of James E. Watson & Co. is a strategic move that will allow the company to expand its presence in the US industrial equipment market. The acquisition will enhance Atlas Copco’s Industrial Vacuum Division and provide its customers with a wider range of vacuum equipment and service solutions. The deal is part of the company’s broader strategy to grow its business through targeted acquisitions and organic growth.
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