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UPDATE 2-Atlas Copco vacuums up chip demand to beat profit forecasts

UPDATE 2-Atlas Copco vacuums up chip demand to beat profit forecasts
Reuters
4 hrs ago
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By Helena Soderpalm
STOCKHOLM, April 27 (Reuters) - Swedish engineering group Atlas Copco expects near-term demand to remain high after rising demand from chip makers helped it beat quarterly earnings and order forecasts.
Atlas, which makes compressors, vacuum pumps and industrial tools, said on Tuesday that the strong order growth was mainly due to higher demand for its vacuum equipment from the semiconductor industry.
A global shortage of semiconductors, which are used in everyday products ranging from cars to computers, has squeezed capacity and driven up the cost of components of nearly all microchips, increasing the prices of final products. ....

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Atlas Copco Power Technique Announces New Hires and Promotions

South Region
Neil Breedlove has been named the regional vice president, responsible for managing and leading regional sales managers and business development managers in the South Region and creating strategies to help maintain and grow revenue across all major Atlas Copco product lines. Breedlove was previously vice president business line manager of Oil Free Air for the U.S. market.
Eudes Defoe, a 30-year industry vet, has been named the new regional sales manager, responsible for supporting the equipment sales and marketing efforts of Atlas Copco’s channel partners, focusing on portable compressors, generators and light towers and dewatering pumps. ....

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Atlas Copco Acquires Spanish Vacuum Distributor

Atlas Copco Acquires Spanish Vacuum Distributor
Newest addition to Atlas Copco’s portfolio is the Edwards vacuum distributor in Spain and Portugal.
Author
Swedish industrial manufacturer Atlas Copco on Wednesday announced it has acquired IBVC Vacuum S.L.U, aka Iberica Vacuum. The company’s customers are mainly industrial and scientific companies as well as universities and research institutes in Spain and Portugal. Financial terms of the deal weren’t disclosed.
Iberica Vacuum, which is privately owned and has 10 employees, is based in Madrid, Spain, and serves as the Edwards vacuum distributor in Spain and Portugal.
“We have had a successful partnership with Iberica Vacuum in Spain and Portugal since its founding in 2007”, said Geert Follens, Business Area President Vacuum Technique. “Through this acquisition we will get the opportunity to better serve current customers and further strengthen our market presence for the Edwards brand in ....

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