Atlas Copco to Acquire an Australian Dewatering Pump Manufacturer
Atlas Copco agrees to buy Sykes Group from Seven Group Holdings
Atlas Copco has agreed to acquire Sykes Group Pty Ltd (Sykes) from Seven Group Holdings Ltd (SGH), a company listed on the Australian Securities Exchange (ASX).
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, Australia. Sykes has 123 employees globally and annual revenues of approximately 65 MAUD (455 MSEK*).