Based in Padua near Venice, Varisco had revenues of €30 million in 2014. Founded in 1932 and currently employing around 135 people, the company is known around the world for the design and manufacture of high-quality pumps used by a wide range of customers. The pumps are typically used to remove unwanted water or other liquids in the construction, mining, and oil and gas industries; they are also used in industrial process plants and for emergency services in case of floods.
“The pump business is a focused growth segment for us,” said Andrew Walker, president of Atlas Copco’s Construction Technique business area. “Varisco’s outstanding products and customer base make this an attractive acquisition.”
Varisco will become part of Atlas Copco’s Portable Energy division in the Construction Technique business area. The acquisition is expected to be completed shortly. The parties have agreed not to disclose the purchase price.
