Atlas Copco Power and Flow to acquire LEWA and Geveke
August 1st, 2022
As of August 1st, 2022 the intended acquisition of Geveke bv and pump producer LEWA GmbH by Atlas Copco AB has been effected and the transfer of shares has taken place.
Geveke will operate as an independent company within the Power & Flow division of the Atlas Copco Group, with the management structure of Geveke remaining unchanged.
Nacka, Sweden, March 14, 2022
Atlas Copco has agreed to acquire LEWA and Geveke group
Atlas Copco AB and Nikkiso Co., Ltd. have reached an agreement to acquire LEWA GmbH and Geveke bv. Atlas Copco will acquire 100% of the shares. The acquisition is expected to be completed by the end of June 2022.
Geveke will continue to operate as an independent company within the Power and Flow division of the Atlas Copco Group. Geveke's management structure will be maintained and the acquisition will have no impact on employees.
The Atlas Copco Group is a world-leading manufacturer of compressors, vacuum solutions, generators, pumps, power tools, and assembly systems. At Atlas Copco, we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.
Atlas Copco´s Power and Flow division designs, manufacture, and market a comprehensive range of dewatering pumps, and energy systems, along with associated accessories and connectivity solutions. The products are used in a wide range of industries including construction, industrial, mining, dewatering, and rental.
‘"Being part of the Atlas Copco family gives Geveke enormous opportunities to further grow the business, internal job opportunities for our employees, and to serve our existing and potential customers better. We are delighted to be part of the Atlas Copco group."- said Robert Hessen, CEO of Geveke
“We are happy to welcome our new colleagues from Geveke to the Atlas Copco’s family” – said Mikael Andersson, President Atlas Copco´s Power and Flow division – “Geveke has a strong quality reputation, engineering and application know-how, and it will be a good fit in the Atlas Copco’s business strategy for industrial pumps.”