Atlas Copco completes Chinese purchase

SWEDEN/CHINA: Atlas Copco has completed its acquisition of Chinese  industrial heating and cooling equipment manufacturer Guangdong Euroklimat Air Conditioning & Refrigeration.

First announced in July, the acquisition means that Guangdong Euroklimat becomes part of Atlas Copco’s Oil-free Air division within its Compressor Technique business area.

Guangdong Euroklimat was originally founded in 2009 by Italian manufacturer Euroklimat SpA as a joint venture with China Aerospace Science & Industry Corporation. It is located in Guangdong Province and in Tianjin with factory and assembly plants. Guangdong Euroklimat also has sales offices in Southeast Asia.

Speaking when the acquisition was first announced, Philippe Ernens, business area president, Compressor Technique, said: “This acquisition will further strengthen our journey towards a complete range of air- and water-cooled chillers, industrial heat pumps, centralised air handling units and dry coolers. The solutions are used in various industries and can cater to a complete utility room.”