April 4, 2003
Stockholm, Sweden, April 4, 2003 - After the approval from regulatory authorities, Atlas Copco Holding GmbH has today acquired DreBo Werkzeugfabrik GmbH, Altshausen, Germany, a manufacturer of carbide tipped masonry drilling products. DreBo’s distribution center in the United States is included in the acquisition. The purchase price was not disclosed.
DreBo is one of the world’s leading manufacturers of carbide tipped masonry drilling products used in the construction and building industry. The company has annual revenues of approximately MSEK 230 (M€25) and 160 employees. DreBo Werkzeugfabrik GmbH is now part of the division Atlas Copco Electric Tools in the business area Atlas Copco Industrial Technique. The acquisition is in line with the strategy to expand the accessory business related to professional electric tools. DreBo will continue to operate as a stand-alone company and serve its current customer base.
Atlas Copco is an international industrial Group with its head office in Stockholm, Sweden. In 2002, the Group had revenues of SEK 48 billion with 98% of revenues outside Sweden, and approximately 26,000 employees. The Group produces and markets compressed air equipment and generators, construction and mining equipment, electric and pneumatic tools, and assembly systems and offers related service and equipment rental. The Atlas Copco Group includes famous brands such as Atlas Copco, RSC, Milwaukee Electric Tool, Chicago Pneumatic, and AEG Power Tools. More information can be found on the web site: www.atlascopco-group.com. Atlas Copco is a major producer and supplier of electric professional tools through the two divisions Milwaukee Electric Tools, USA, and Atlas Copco Electric Tools, Germany, both part of Atlas Copco’s business area Industrial Technique.