August 31, 2001
Stockholm, Sweden, August 31, 2001 -- Atlas Copco North America Inc. has, through one of its subsidiaries, acquired Christensen Products, the product division of the American company Layne Christensen Company. The current turnover of Christensen Products is approximately 160 MSEK. The purchase price was not disclosed.
Christensen Products is based in Salt Lake City, Utah, USA. It is one of the world’s leading suppliers of diamond core drilling equipment for the mineral exploration industry.
Christensen Products will be part of the Atlas Copco Craelius division. The acquisition is in line with the division’s strategy to expand the business in the mineral exploration field.
Christensen Products is the main supplier of mineral exploration products to Layne Christensen Company’s worldwide contracting business. It has been agreed that this relationship shall continue and be further expanded.