Press Release: Atlas Copco Group completes the acquisition of Australian dewatering pump manufacturer

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Nacka, Sweden, December 5, 2023: Atlas Copco Group has completed the acquisition of Sykes Group Pty Ltd (Sykes) from Seven Group Holdings Ltd (SGH), a company listed on the Australian Securities Exchange (ASX).

Sykes is a global manufacturer of dewatering pumps, predominantly used for transferring water with solids and abrasive nature within the mining and wastewater sectors. It is headquartered in Newcastle, New South Wales, Australia. Sykes has 123 employees globally and annual revenues of approximately 65 MAUD (455 MSEK*).

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 complete and versatile portfolio of hydraulic submersible pumps.

The purchase price is not disclosed. The business becomes part of the Power and Flow Division within the Power Technique Business Area.

*Based on the average exchange rate in 2022. Revenues are for the 12 months ending June 30, 2023.

For more information please contact:

Sara Hägg Liljedal, SVP Chief Communications Officer
+46 721 44 10 38
media@atlascopco.com

Daniel Althoff, Vice President Investor Relations
+46 768 99 95 97
ir@atlascopco.com

Download the full press release here.

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WHY Sykes Group?

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DIRECT COMMUNICATION

Our in-house engineers and tech experts will work with you to create bespoke solutions for your project.

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Our pumps are designed to handle the most challenging and demanding environments. Using our in-house engineering team, we can custom-design pump packages to match any specification.

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OPERATION AND MAINTENANCE COSTS

We design and manufacture pump packages that delivers optimal efficiency and minimal downtime. Even operating in harsh conditions, our products provide a safe and cost-effective solution.

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We provide a wide range of pumps to handle all types of water-based issues. Whether above or below ground, Sykes Group can offer a solution.

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If you need advice on a particular part, our parts and customer service technicians are always available to offer qualified, professional advice.

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STOCK AND MANUFACTURING

As the original equipment manufacturer (OEM), we keep plenty of stock on hand and can provide quick access to the parts you need.

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