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Atlas Copco acquires African pump rental business
15 August 2024
Photo: Integrated Pump Rental (IPR)
Atlas Copco has acquired South Africa-based pump specialist Integrated Pump Rental (IPR). No financial details of the transaction have been disclosed.
Founded in 2014 and headquartered in Johannesburg, IPR provides dewatering services through rental of pump and ancillary equipment.
The company employs 18 members of staff and generated €5 million in revenues in 2023. Its main customers are the mining, quarrying, construction and wastewater industries.
Andrew Walker, business area president Power Technique, said, “The acquisition of IPR will give us a solid footprint for specialty dewatering in Sub-Saharan Africa, a critical mining market. IPR will provide us with a competence hub and operational capability in the region.”
Atlas Copco said IPR will become part of the Specialty Rental division within the Power Technique Business Area upon completion of the transaction, which is expected to close during the third quarter of 2024.
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