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January 18, 2010
Stockholm, Sweden, January 18, 2010: Atlas Copco Compressors LLC, USA, has purchased the compressor division of Premier Equipment Corporation, Inc. Premier Equipment has been a successful Atlas Copco compressor distributor for many years, serving the state of Louisiana.
“The acquisition brings us closer to our customers in the region, letting us build on the strong base that Premier Equipment has developed in key segments,” says Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique.
The compressor division of Premier Equipment Corporation, Inc. will be incorporated into the Southern Region of Atlas Copco Compressors in the United States and the non compressor side, selling mainly pumps and process equipment, will continue to trade as Premier Equipment Corporation, Inc.
Premier Equipment, based in Baton Rouge, has a well developed customer base and market presence in the Louisiana territory. Economic activity in the territory is driven largely by chemical and petrochemical refining, off shore oil services, ship building (workboats), general industry, and engineering services for the oil and gas sector.
Twelve employees will join Atlas Copco from Premier Equipment as a result of the acquisition.
The parties have agreed not to disclose the purchase price.
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.