By Dominic Chopping

STOCKHOLM--Atlas Copco AB said Monday that it has agreed to acquire National Pump & Energy Ltd., an Australia-based dewatering, environmental services and water treatment solutions provider.

The Swedish industrial tool maker said National Pump & Energy has 420 employees and had revenue of around 205 million Austrlian dollars ($137.5 million) in 2022.

The acquisition is subject to regulatory approval and is expected to close during the second quarter of 2023.

The purchase price wasn't disclosed.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

April 17, 2023 06:34 ET (10:34 GMT)

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