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NewswireToday - /newswire/ -
Antwerp, Belgium, 09/03/2010 - As an extension to the Portable Air portfolio of compressors and generators, Atlas Copco has decided to transfer the WEDA submersible pump line from the Construction Tools Division (CTO) to the Portable Air Division (APE).
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"The pump business has a lot of synergy with our current product offer, especially with our existing generator customer base in the construction, rental and mining industry. We see in this business an interesting growth potential and expansion for the division," says Geert Follens, President of the Atlas Copco Portable Air Division.
The first step is the transfer of the sales, service and reporting departments. This transfer will start as of September 1, 2010. The production, currently in the CTO factory in Saint Valery, France will be transferred to the APE production site in Bad Oeynhausen, Germany.
About Atlas Copco
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).
Portable Air is a division within Atlas Copco’s Compressor Technique business area. It develops, manufactures and markets portable compressors, high pressure boosters and generators for portable power worldwide. Products are offered under several brands to a wide range of industries including construction, mining, oil and gas, and rental. The divisional headquarters and main development center are located in Antwerp, Belgium. Production facilities are located around the world, mainly Belgium, USA, India, Brazil and China.
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