# Atlas Copco to acquire Sykes Group, Australian dewatering pump maker

Atlas Copco agreed to acquire Sykes Group Pty Ltd from Seven Group Holdings, a manufacturer of dewatering pumps based in Newcastle, New South Wales. The price was not disclosed and closing is expected in Q4 2023.

- Type: Acquisition
- Announced: 2023-08-21
- Where: Newcastle, New South Wales, Australia
- Status: announced
- 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/2023/20230821-Sykes-acquisition), 2023-08-21: "The purchase price is not disclosed."
- [mdm.com](https://www.mdm.com/news/mergers-acquisitions/atlas-copco-to-acquire-australian-dewatering-pump-maker/), 2023-08-21: "Financial details were not disclosed."
- [mdm.com](https://www.mdm.com/article/featured/featured-blog/october-ma-roundup-4q-launches-with-2nd-most-deals-of-2023/), 2023-10-31: "Atlas Copco added distributors in New Hampshire and Slovakia"

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