Founded in 1911, Werdhol, Germany-headquartered Kracht has subsidiaries in the US, China and Hungary, and approximately 440 employees. In 2022, Kracht had revenues of around €72 million.
“Last year, we acquired Lewa and Wangen, and we are now further expanding our portfolio within positive displacement pumps with additional technologies,” said Andrew Walker, Atlas Copco’s Business Area President Power Technique. “The industrial pump segment has been identified as a strategic fit for the Group. This acquisition will be a further step for us within this segment, which plays a crucial role within many industries.”
The acquisition is subject to regulatory approval and is expected to close in the first quarter of 2024. The business will become part of the Power and Flow Division within Atlas Copco’s Power Technique business area.
