Hycomp Inc.’s technology has become part of Atlas Copco Group. The company designs, produces, sells and services specialized high-pressure oil-free compressors and boosters for a variety of industries. This is the second such acquisition by Altas Copco, which announced the acquisition of industrial gear pump manufacturer Kracht on January 3.
Hycomp is a privately owned company located north of Salt Lake City, Utah, and has 37 employees. In 2023 the company had revenues of MUSD 8 (MSEK 85)*.
“Hycomp has extensive know-how in high-pressure oil-free compressors, and the acquired technology complements our existing technologies, allowing us to extend our current product range,” said Vagner Rego, Business Area President Compressor Technique.
The purchase price is not disclosed. Hycomp’s technology will become part of the Professional Air division within the Compressor Technique business area.
Atlas Copco Group
www.atlascopco.com
