Atlas Copco has agreed to acquire the Ekomak Group, a Turkish manufacturer of industrial screw compressors, strengthening its market position in the region. Ekomak has a strong domestic position in industries such as metal works, textile and manufacturing.
Established in 1992, Ekomak has 160 employees, is privately owned and had revenues in the past 12 months of approximately €23 million (about U.S. $28.5 million). 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,” said Stephan Kuhn, business area president for Compressor Technique. “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.”
Ekomak will be part of the Industrial Air division within Compressor Technique. The acquisition is expected to close during the third quarter of 2012.
Based in Stockholm, Sweden, Atlas Copco is an industrial group with positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco’s Compressor Technique business area provides industrial compressors, gas and process compressors and expanders, air and gas treatment equipment and air management systems. It has a global service network and offers specialty rental services.