Atlas Copco to acquire Korean cryopump service provider and distributor

Atlas Copco has agreed to acquire the cryopump service and distribution business of South Korea’s Zeus Co Ltd.

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The business provides service and sales distribution for Atlas Copco’s Vacuum Technique business area’s CTI and Polycold products in South Korea. The CTI and Polycold products are cryogenic vacuum pumps and refrigeration systems used in semiconductor manufacturing and general vacuum applications.

The business being acquired is located in Gyeonggi-do, south of Seoul, and has 59 employees. In 2021, it had revenues of approximately KRW15 billion.

“We have had a successful relationship with Zeus since acquiring the CTI business from Brooks in 2019,” said Geert Follens, Atlas Copco’s Business Area President Vacuum Technique. “The acquisition will allow us to get even closer to our customers and better serve the semiconductor and flat panel display industry in South Korea.”

When the acquisition closes, the business will become part of Atlas Copco’s Semiconductor Service Division within the Vacuum Technique Business Area, operating under the Edwards brand.