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Atlas Copco Completes Acquisition of GIA - Atlas Copco AB has today completed the acquisition of GIA Industri AB in Sweden from Vätterledens Verkstad AB, a subsidiary of Vätterledens Invest AB - AtlasCopco.com
Atlas Copco Completes Acquisition of GIA

 

NewswireToday - /newswire/ - Stockholm, Sweden, 2012/01/31 - Atlas Copco AB has today completed the acquisition of GIA Industri AB in Sweden from Vätterledens Verkstad AB, a subsidiary of Vätterledens Invest AB - AtlasCopco.com.

   
 
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The acquired business has 113 employees and annual revenues of about MSEK 230. With the acquisition, Atlas Copco broadens its offering with products including electric mine trucks, utility vehicles, continuous loaders and ventilation systems.

GIA Industri AB is part of the Underground Rock Excavation division within the Mining and Rock Excavation Technique business area.

Atlas Copco (atlascopco.com) is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2011, Atlas Copco had 37 500 employees and revenues of BSEK 81 (BEUR 9).

Atlas Copco’s Mining and Rock Excavation Technique business area provides equipment for drilling and rock excavation, a complete range of related consumables and service through a global network. The business area innovates for sustainable productivity in surface and underground mining, infrastructure, civil works, well drilling and geotechnical applications. Principal product development and manufacturing units are located in Sweden, the United States, Canada, China and India.

 
 
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Written by / Agency / Source: Atlas Copco AB

 
 

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Atlas Copco Completes Acquisition of GIA

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Publisher Contact: Daniel Frykholm - 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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