Atlas Copco acquires UK compressor distributor Stockholm, Sweden, January 12, 2009: Atlas Copco has acquired Compressor Engineering Ltd., a privately owned UK distributor and service provider for compressed air equipment, with customers throughout the Northamptonshire and Manchester areas. The acquired company has 39 employees and annual revenues of about MGBP 3.5 (MSEK 40). It offers complete packages in the supply, installation and maintenance of compressors and related equipment. “Compressor Engineering Ltd. is widely recognized as a leading supplier in its regions, and this move gives Atlas Copco the opportunity to expand our business with a company of both long-standing and excellent reputation,” says Ronnie Leten, Business Area President, Atlas Copco Compressor Technique. “Acquisitions of this kind are an important part of our strategy as they bring us closer to our customers and strengthen our aftermarket business.” Compressor Engineering Ltd. will become a wholly owned subsidiary of Atlas Copco Compressors Ltd. and will operate within Atlas Copco's Compressor Technique business area. The parties have agreed not to disclose the purchase price. For further information please contact: Ronnie Leten, Business Area President, Compressor Technique +32 (0)3 870 2938 or +32 (0)477 222 685 Daniel Frykholm, Media Relations Manager +46 (0)8 743 8060 or +46 (0)70 865 8060 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 Compressor Technique business area develops, manufactures, markets, and services oil-free and oil-injected stationary air compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment and air management systems. It also offers specialty rental services. It innovates for superior productivity in applications such as manufacturing, construction, and the process industry worldwide. Principal product development and main manufacturing units are in Antwerp, Belgium. More information is available on www.atlascopco.com.
Atlas Copco acquires UK compressor distributor
| Source: Atlas Copco AB