Atlas Copco acquires Industrial Power Sales, Inc. Stockholm, Sweden, August 5, 2008: Atlas Copco Tools and Assembly Systems LLC, USA, acquires privately-held Industrial Power Sales, Inc., USA. The acquisition brings Atlas Copco Tools and Assembly Systems closer to its customers in the southeastern region of the United States. Industrial Power Sales is a distributor of tools, assembly systems and material handling equipment and has represented Atlas Copco Tools & Assembly Systems for 28 years. The company is headquartered in Raleigh, North Carolina and employs 61 people. “The acquisition will give Atlas Copco better geographical coverage, allowing us to meet the needs of our global and regional customers. In addition, Industrial Power Sales employees have a great deal of valuable knowledge and experience, which complements that of our own people,” says Mats Rahmström, President Atlas Copco Industrial Technique. The company has been a distributor of Atlas Copco's products in Virginia, North and South Carolina, Tennessee, Georgia, Alabama, and Mississippi. The North American Tools and Assembly Systems team will total 250 employees after the acquisition. For further information, please contact: Love Liman, Media Relations +46 (0)8 743 8060 or +46 (0)73 231 8060 Mats Rahmström, Business Area President, Industrial Technique +46 (0)8 743 9350 or +46 (0)70 899 9350 Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act. Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 160 markets. In 2007, Atlas Copco had 33 000 employees and revenues of BSEK 63 (BEUR 6.7). Learn more at www.atlascopco.com. Atlas Copco's Industrial Technique business area develops, manufactures and markets industrial power tools, assembly systems, aftermarket products, software and service. It innovates for superior productivity for applications in the automotive and aerospace industry, general industrial manufacturing and maintenance, and vehicle service worldwide. Principal product development and main manufacturing units are in Sweden, Great Britain, France. More information is available on www.atlascopco.com.
Atlas Copco acquires Industrial Power Sales, Inc.
| Source: Atlas Copco AB