Atlas Copco Buys Chinese Manufacturer of Oxygen Generators
05 Décembre 2022 - 9:29AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said
Monday it has acquired Shandong Meditech Medical Technology Co., a
manufacturer of onsite oxygen generators for the healthcare
market.
The company is privately owned and has 70 employees. It is based
in Shandong province, China and has sales companies in Shanghai,
Hong Kong and Australia.
Shandong Meditech had revenue of around 86 million Chinese yuan
($12.2 million) in 2021.
The purchase price wasn't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
December 05, 2022 03:14 ET (08:14 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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