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January 26, 2016
Stockholm, Sweden, January 26, 2016: Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire FIAC, an Italian manufacturer of piston compressors and related equipment with a global sales network.
FIAC is based in Bologna, Italy, and has about 400 employees. The company offers a broad range of piston compressors, air treatment products, and spare parts. Founded in 1977, FIAC has production sites in Italy, China and Brazil, and sells into more than 110 countries. It had revenues in 2014 of about MEUR 70 (MSEK 640).
“FIAC stands for very high-quality compressed air products, and this acquisition will strengthen our product portfolio and expertise especially for piston compressors,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area. “We are adding another strong brand to our brand portfolio.”
The FIAC compressors are used by a wide range of industrial and professional customers including small and medium-sized businesses; from car repair shops to manufacturing companies.
The acquisition is subject to regulatory approvals and is expected to be completed during the first quarter of 2016.
The parties have agreed not to disclose the purchase price. FIAC will become part of the new Professional Air division in the Compressor Technique business area that Atlas Copco will create after the completion of the acquisition. To learn more about FIAC, please see http://web.fiac.it/en/.
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.