MINING

Atlas Copco to acquire Sykes - dewatering pump manufacturer

Atlas Copco has agreed to acquire Sykes Group (Sykes) from Seven Group Holdings, a company listed on the Australian Securities Exchange.

 Atlas Copco has agreed to acquire dewatering pump manufacturer Sykes Group from Seven Group Holdings

Atlas Copco has agreed to acquire dewatering pump manufacturer Sykes Group from Seven Group Holdings

Sykes is a global manufacturer of dewatering pumps, predominantly used for transferring water with solids and abrasive nature within the mining and wastewater sectors. Headquartered in Newcastle, New South Wales, Australia, Sykes has 123 employees globally and annual revenues of approximately A$65 million.

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 and versatile portfolio of hydraulic submersible pumps.

"Sykes' products are well known in the industry as high-quality, heavy-duty products for harsh and demanding environments," Andrew Walker, business area president Power Technique, said. "They manufacture products that complement our current offering well, making it a great fit for us."

The business will become part of the Power and Flow Division within the Power Technique Business Area of Atlas Copco.

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