Atlas Copco announced to acquire the Ekomak Group - a Turkish manufacturer of industrial screw compressors, which will further strengthen its market position in Turkey. Ekomak has a strong domestic position in industries such as metal works, textile and manufacturing.
Ekomak was established in 1992 and has around 160 employees. It is privately owned and had revenues in the last 12 months of approximately MEUR 23 (MSEK 200). The company develops, produces and sells stationary, oil-injected screw compressors, including variable frequency drive options.
Headquartered in Istanbul with manufacturing in Edirne, Turkey, Ekomak also has its own sales and service operations in Russia and Germany and a network of distributors for other countries.
“By acquiring Ekomak, we will further expand and strengthen our presence in Turkey and Russia. Ekomak is a well-established brand within its segments and markets. It has a strong potential for further growth and is a good complement to our existing offering,” said Stephan Kuhn, business area president for Compressor Technique.
Ekomak will be part of the Industrial Air division within Compressor Technique. The acquisition is expected to be closed during the third quarter of 2012.