Nacka, Sweden, August 4, 2022: Atlas Copco has agreed to acquire the assets of Suzhou Since Gas System Co., Ltd. (Since Gas), a China-based manufacturer of on-site gas generation equipment.
Suzhou Since Gas System is a privately owned company headquartered in Suzhou, Jiangsu province, with presence throughout China. In 2021, the company had revenues of approximately 70 MCNY (MSEK 93*). The company has 80 employees.
The company specializes in on-site gas generation for a broad spectrum of industries including metals, petrochemical, marine and electronics.
“Suzhou Since Gas Systemis a well-established and reputable company,” said Vagner Rego, Business Area President Compressor Technique. “Their product portfolio, expertise and geographical coverage make them a good fit for us. This acquisition will consolidate our local presence in China, one of the world’s largest nitrogen and oxygen markets.”
The purchase price is not disclosed. The deal is expected to close in Q4 2022.
The acquired business will become part of the Industrial Air division within the Compressor Technique Business Area.