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Written by / Agency / Source: Atlas Copco AB

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Atlas Copco Takes Over Tools Distribution in Southern USA - Atlas Copco Tools & Assembly Systems, LLC has agreed to take over the sales and marketing of products and services in southern United States from its current distributor Tooling Technologies, Inc
Atlas Copco Takes Over Tools Distribution in Southern USA

 

NewswireToday - /newswire/ - Stockholm, Sweden, 2010/06/02 - Atlas Copco Tools & Assembly Systems, LLC has agreed to take over the sales and marketing of products and services in southern United States from its current distributor Tooling Technologies, Inc.

   
 
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The agreement further strengthens Atlas Copco’s presence, market coverage and support to customers in the region.

“We are very pleased with this opportunity to integrate a larger part of the U.S. into the Atlas Copco sales organization and offer our customers an even wider range of sophisticated products, services and accessories,” says Mats Rahmström, Business Area President, Atlas Copco Industrial Technique. “The agreement broadens our customer base, increases the aftermarket share of revenues and reduces the cost level.”

Tooling Technologies had revenues in 2009 of approximately MUSD 12 (MSEK 90). Sales are in Texas and surrounding states, including northern Mexico. Customers are in the motor vehicle industries and general industries, as well as segments such as petrochemical/oilfield, power generation, government, electronics and aerospace.
Atlas Copco and Tooling Technologies have made a mutual agreement to fully transfer the distribution of the Atlas Copco products and services to Atlas Copco Tools & Assembly Systems LLC in the territory. Customers in Mexico will be transferred to the Atlas Copco Customer Centre in Mexico.

For further information please contact:
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 (atlascopco.com) is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2009, Atlas Copco had about 30 000 employees and revenues of BSEK 64 (BEUR 6.0).

Atlas Copco’s Industrial Technique business area develops, manufactures and markets industrial power tools, assembly systems, aftermarket products, software and service. It innovates for sustainable 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, China, France, Hungary and Japan.

 
 
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Written by / Agency / Source: Atlas Copco AB

 
 

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Atlas Copco Takes Over Tools Distribution in Southern USA

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Atlas Copco News |
Publisher Contact: Love Liman - AtlasCopco.com 
+46 (0)8 743 8060 media[.]se.atlascopco.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Atlas Copco AB securities in any jurisdiction including any other companies listed or named in this release.

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