# Atlas Copco completes acquisition of Australian dewatering pump maker Sykes Group

Atlas Copco completed its acquisition of Sykes Group Pty Ltd from Seven Group Holdings, a Newcastle, New South Wales maker of mining and wastewater dewatering pumps with 123 employees and about 65 MAUD in annual revenue. The purchase price was not disclosed.

- Type: Acquisition
- Announced: 2023-12-05
- Where: Newcastle, New South Wales, Australia
- Status: completed
- Products: dewatering pumps, submersible pumps, chopper and cutter pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Atlas Copco](https://endata.com/companies/505.md) (acquirer)
- [Sykes Group](https://endata.com/companies/9515.md) (target)
- [Seven Group Holdings](https://endata.com/companies/9516.md) (partner)

## Sources

- [atlascopcogroup.com](https://www.atlascopcogroup.com/en/media/press-releases/2023/20231205-sykes-closing), 2023-12-05: "The purchase price is not disclosed."
- [pumpindustry.com](http://pumpindustry.com/tag/technique/), 2024-07-05: "Atlas Copco Group has completed the acquisition of Sykes Group Pty Ltd (Sykes) from Seven Group Holdings Ltd (SGH)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.