NewswireToday - /newswire/ -
Stockholm, Sweden, 2011/02/17 - Atlas Copco’s subsidiary Aire Comprimido Industrial Iberia, S.L., has agreed to acquire certain assets of ABAC Catalunya, a long-serving distributor of ABAC compressors in Northeastern Spain.
The acquisition is subject to approval from the Spanish Antitrust Authority.
Sales mainly consist of ABAC branded piston and screw compressor equipment and parts. The acquisition offers a good opportunity for Atlas Copco to grow customer relationships within the framework of its brand portfolio strategy.
Around eight employees will join the Atlas Copco organization in Spain from ABAC Catalunya as a result of the deal. The ABAC Catalunya business will be incorporated into Aire Comprimido Industrial Iberia, S.L.
For further information please contact:
• Stephan Kuhn, Business Area President, Compressor Technique
P: +32 (0)3 870 2938 or +32 (0)474 881 154
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 2010, Atlas Copco had about 33 000 employees and revenues of BSEK 70 (BEUR 7.3).
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.