Atlas Copco Group marks completion of its acquisition of Sykes Group Pty Ltd

Atlas Copco Group, a renowned industrial company, has finalized its acquisition of Sykes Group Pty Ltd (Sykes) from Seven Group Holdings Ltd (SGH), which is listed on the Australian Securities Exchange (ASX). Sykes, a global manufacturer known for its dewatering pumps, plays a pivotal role in the mining and wastewater sectors. These pumps are particularly designed for transferring water containing solids and abrasive materials.

With its headquarters in Newcastle, New South Wales, Australia, Sykes boasts a global workforce of 123 employees and reports annual revenues of around 65 million Australian dollars (approximately 455 million Swedish Krona*). Sykes' product range is extensive, catering specifically to the mining and wastewater industries. It offers a variety of surface dewatering pumps and is also noted for its chopper and cutter technologies used in wastewater applications. Furthermore, Sykes maintains a comprehensive and adaptable selection of hydraulic submersible pumps.

The acquisition's financial details have not been disclosed. This strategic move integrates Sykes into Atlas Copco's Power and Flow Division within the Power Technique Business Area, potentially enhancing Atlas Copco's offerings and market position in these key industrial segments.

According to the article by Procurement Resource, Atlas Copco Group has completed its acquisition of Sykes Group Pty Ltd, a key dewatering pump manufacturer, enhancing its presence in mining and wastewater sectors. Sykes, based in Newcastle, Australia, with 123 global employees and annual revenues of about 65 million AUD, brings a range of specialized pumps and technologies to Atlas Copco’s Power and Flow Division. The financial details of the acquisition have not been disclosed.