By Dominic Chopping

STOCKHOLM--Atlas Copco said Monday that it has agreed to acquire Presys Co., a vacuum valve supplier for the semiconductor market based in South Korea.

Presys is a privately owned company with 134 employees. It had revenue of around KRW35 billion ($25.8 million) in 2022.

The acquisition is subject to regulatory approval and is expected to close during the first quarter of 2024.

The purchase price wasn't disclosed.

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

(END) Dow Jones Newswires

October 30, 2023 06:20 ET (10:20 GMT)

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