Atlas Copco Gas and Process Acquires JC Carter Company Cryogenic Pump Business

Santa Maria, CA, March 07, 2011 --(PR.com)-- The Atlas Copco Gas and Process Division has finalized the purchase agreement of the pump business from JC Carter Company LLC, located in Costa Mesa, California, USA.

JC Carter is a leading producer of cryogenic submerged motor pumps, which have many applications in the growing natural gas market. The company’s products are primarily used in liquid natural gas regasification and liquefaction plants, and natural gas liquid processing. In 2009, the company had around 70 employees and revenues of approximately $25 million USD (MSEK 175).

“The acquisition will facilitate JC Carter’s long-term growth. It will also extend Atlas Copco’s product range we can offer to our customers in the LNG market, and the chemical and petrochemical industries,” said Peter Wagner, President of Atlas Copco Gas and Process.

JC Carter has a well-developed customer base and market presence in the cryogenic pump market. Now part of Atlas Copco’s Gas and Process Division, JC Carter will be under the umbrella of Atlas Copco Mafi-Trench LLC, headquartered in Santa Maria, California.

To learn more about Atlas Copco Gas and Process please visit: www.atlascopco-gap.com.

Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 136 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. In 2008, Atlas Copco had 34 000 employees and revenues of BSEK 74 (BEUR 7.7). Learn more at www.atlascopco.com.

Gas and Process is a division within Atlas Copco’s Compressor Technique business area. It develops, manufactures and markets large, customized gas and process compressors and turbo expanders, and their respective aftermarket products. Its products are used primarily by the oil and gas, chemical/petrochemical process and power industries worldwide, and also by industries that specialize in gas production through air separation. The divisional headquarters and main production center is located in Cologne, Germany. For more on Gas and Process, please visit www.atlascopco-gap.com.

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