Atlas Copco has agreed to acquire Australian dewatering pump manufacturer Sykes Group from Seven Group Holdings (SGH).
Sykes is a global manufacturer of dewatering pumps, predominantly used for transferring water with solids and abrasive nature within the mining and wastewater sectors. It is headquartered in Newcastle, New South Wales and has 123 employees globally with annual revenues of approximately A$65m (US$41.56m).
Sykes serves the mining and wastewater segments with a wide range of surface dewatering pumps, together with chopper and cutter technologies for wastewater applications. It also has a complete portfolio of hydraulic submersible pumps.
“Sykes’ products are well known in the industry as high-quality, heavy-duty products for harsh and demanding environments,” said Andrew Walker, business area president Power Technique. “They manufacture products that complement our current offering well, making it a great fit for us.”
The purchase price is not being disclosed. The acquisition is expected to close during the fourth quarter of 2023.
The business will become part of the Power and Flow division within Atlas Copco’s Power Technique business area.
