Atlas Copco Investment Co. Ltd., Stockholm, Sweden, signed a purchase contract to acquire the Chinese compressor manufacturer Liuzhou Tech Machinery Co. Ltd. (Liutech). The company has 190 employees. The purchase price was not disclosed.
Liutech is located in Liuzhou, Guangxi province in southern China. The company produces oil-injected screw compressors and refrigerant air dryers and manufactures screw elements. The acquisition is in line with Atlas Copco's strategies regarding multi-brand and to increase its production, sales and service presence in Asia.
Liutech, which will become part of the Industrial Air division within the Compressor Technique business area, will continue to operate under its established brand Liutech.