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September 9, 2015
Stockholm, Sweden, September 9, 2015: Atlas Copco, a leading provider of sustainable productivity solutions, has acquired Air Repair Sales and Services Limited, which distributes, services and rents out compressors and accessories.
Air Repair Sales and Services is based in Moncton, New Brunswick, Canada, and has 12 employees.
The company, which was privately owned, is an authorized Atlas Copco distributor that sells and services industrial air compressors and air treatment systems. The parties have agreed not to disclose the purchase price.
“This acquisition fits us nicely as it enhances our access to the market in eastern Canada,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area. “It gives us an opportunity to expand our regional coverage through an experienced and well-trained staff that serves a loyal customer base.”
The acquired company becomes part of Atlas Copco Compressors Canada and the Compressor Technique Service division.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2014, Atlas Copco had revenues of BSEK 94 (BEUR 10.3) and more than 44 000 employees.
Atlas Copco’s Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, the United States, China, South Korea, Germany, Italy and the United Kingdom.