Anhui NOY Technologies Co. Ltd., a company manufacturing vacuum helium leak detectors for use mainly in the Chinese market, will become part of Atlas Copco Group.
NOY is a privately owned company headquartered at its manufacturing location in Hefei City, Anhui Province, China. The company has 78 employees and in 2023 had revenues of 121 MCNY (approx. MSEK 178).
Leak detector technology
“NOY was founded in 2016, exhibiting rapid growth by initially serving the EV battery market, while diversifying into other markets in recent years,” said Geert Follens, Business Area President of Vacuum Technique. “Through this acquisition, we will strengthen our core in-house helium leak detector technology.”
The purchase price is not disclosed. The acquisition is expected to close during the second half of 2024. The company will become part of the Scientific Vacuum Division within the Vacuum Technique Business Area.