The deal was first revealed on 17th March (2022), as reported by gasworld, and includes the assets of two affiliates, North Park Metalworkers, Inc. and Peak Precision Technologies, Inc.
Atlas Copco has now confirmed completion of the acquisition, with the businesses becoming part of the Semiconductor division within Atlas Copco’s Vacuum Technique business area.
The news caps a particularly prolific period of acquisition trail activity for Atlas Copco, having revealed the purchase of CAS Products, a UK-based compressed air distributor and service provider, Turkey’s Tekser Endüstriyel Cihazlar Sanayi ve Ticaret A.Ş (Tekser) and US-based National Vacuum Equipment all within mere days of each other in the first 10 days of June.
Just a few days later still, and Atlas Copco expanded in the semiconductor space having acquired Roseville, California-based Qolibri – a solutions developer for semiconductor subfabs – on 13th June.
On 27th June, the company revealed it had entered into an agreement to acquire Shandong Jinggong Pump and now, the company caps off a busy June and July with completion of its pursuit of Ceres Technologies.
Ceres Technologies, Inc. was founded in 2011 and is located in the Hudson Valley, New York area.
As well as providing gas and vapour delivery equipment Ceres also provides contract manufacturing of process tools for OEMs and research organisations, and engineering services for semiconductor and industrial customers.
In terms of the subsidiaries acquired, North Park Metalworkers, Inc. produces welded enclosures, frames and machined parts, and is also located in the Hudson Valley area, while Peak Precision Technologies, Inc. supplies precision welded and brazed fabrications and is located in Fort Collins, Colorado.
The acquired companies have around 185 employees.