Atlas Copco Buys Nitrogen Generator Company Gazcon

Source: www.gulfoilandgas.com 8/1/2012, Location: Europe

Atlas Copco AB has acquired Gazcon A/S, located in Denmark. The acquisition extends Atlas Copco’s offering of nitrogen generators and adds oxygen generators to the range.

Gazcon is based in Lynge, northwest of Copenhagen, where it designs and manufactures generators using technology known as pressure swing adsorption (PSA). The company had revenues in 2011 of around MDKK 25 (MSEK 30) and employs 21 people. See www.gazcon.com .

“With Gazcon we get an extensive range of on-site nitrogen and oxygen generator technology. This is an interesting growth opportunity which broadens our offering to several customer segments,” says Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique.

Nitrogen and oxygen gases are traditionally transported to customers through pipelines, bulk containers and cylinders. The PSA technology, combined with air compressors and dryers, allows small and medium gas consumers to economically generate gases on site, reducing costs and decreasing emissions. Nitrogen is typically needed in the marine, electronics, food and beverage industries, whereas oxygen is used for instance in medical, waste water treatment and metal applications.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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