Atlas Copco has acquired OXYMAT
OXYMAT A/S is acquired by Atlas Copco and will be part of the Industrial Air division within the Compressor Technique Business Area.
Helsinge, Denmark, September 2, 2022: OXYMAT A/S is acquired by Atlas Copco and will be part of the Industrial Air division within the Compressor Technique Business Area. The Compressor Technique business area provides compressed air solutions: industrial compressors, gas and process compressors and expanders, air and gas treatment equipment, and air management systems. The business area has a global service network and innovates for sustainable productivity mainly for the manufacturing and process industries.
“OXYMAT is a strong brand with a global presence in on-site nitrogen and oxygen markets,” said Vagner Rego, Business Area President Compressor Technique. “Their product portfolio and knowledge in industrial gas generation make them a good fit for us. This acquisition reinforces our ambition to become the recognized global player in the on-site gas generation market.”
OXYMAT A/S is a Denmark-based specialist in on-site oxygen and nitrogen solutions for a wide range of industries including water treatment, medical, marine and mining. It is a privately owned company headquartered in Helsinge, Denmark, with production facilities in Denmark and Slovakia.
In 2021, the company had revenues of approximately MDKK 301 (MSEK 411). The company has 146 employees.
“As the owner of OXYMAT, it was important to select an industrial company with the international muscle to scale OXYMAT,” said Jesper Sjögren, Owner and CEO. “I have been looking for an organization with talented and good people to help OXYMAT grow, and I am certain that the Atlas Copco Group is the best choice. We are both of Scandinavian origin, we have the same mindset, and Atlas Copco has more than 15 years of experience in the on-site gas generation business. I see the new owner as the perfect fit, and I do look forward to building an even stronger OXYMAT with all employees in Slovakia and Denmark under the umbrella of the Atlas Copco Group.”
OXYMAT will keep its name and remain as an independent brand.
Find out more about Atlas Copco at atlascopcogroup.com