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New Deal


Announced

Atlas Copco to acquire Sykes Group from Seven Group.

Synopsis

Atlas Copco, a company that manufactures industrial tools and equipment, agreed to acquire Sykes Group, a manufacturer of dewatering pumps, predominantly used for transferring water with solids and abrasive nature, from Seven Group. Financial terms were not disclosed. “Sykes’ products are well known in the industry as high-quality, heavy-duty products for harsh and demanding environments. They manufacture products that complement our current offering well, making it a great fit for us," Andrew Walker, Business Area President Power Technique.

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