Atlas Copco to acquire Australia’s Sykes Group

Atlas Copco is buying Australian dewatering pump manufacturer Sykes Group Pty Ltd from Seven Group Holdings Ltd.

A copper mine in Cyprus.
A copper mine in Cyprus. - Image © ChaoticDesignStudio – Adobe Stock.

Headquartered in Newcastle, New South Wales, Sykes is a global manufacturer of dewatering pumps, predominantly used for transferring water with solids and abrasive nature within the mining and wastewater sectors. 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 portfolio of hydraulic submersible pumps.

“Sykes’ products are well known in the industry as high-quality, heavy-duty products for harsh and demanding environments,” said Andrew Walker, Atlas Copco’s Business Area President Power Technique. “They manufacture products that complement our current offering well, making it a great fit for us.”

The acquisition is expected to close during the fourth quarter of 2023.

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