March 18, 2003
Stockholm, Sweden, March 18, 2003 - Atlas Copco Holding GmbH has today signed an agreement to acquire DreBo Werkzeugfabrik GmbH, Altshausen, Germany, a manufacturer of carbide tipped masonry drilling products. Included in the acquisition is DreBo’s distribution center in the United States. The purchase price was not disclosed. The acquisition is subject to approval by regulatory authorities.
DreBo is one of the world’s leading manufacturers of carbide tipped masonry drilling products used in the building markets. The company has annual revenues of approximately MSEK 230 (M€25) and 160 employees. The acquisition is in line with the strategy of Atlas Copco Industrial Technique, to expand the accessory business related to the professional electric tools designed and manufactured by the business area. “Through the acquisition we will widen our product range, and improve our “use of products” offering, thus improving our customer support and services,” says Göran Gezelius, Senior Executive Vice President Business Area Industrial Technique. ”The drilling accessories from DreBo give us an opportunity to further increase our presence with key customers.” After being acquired, DreBo will continue to operate as a stand-alone company and serve its current customer base. Markus Dreps, son of the founder and owner, will become the new General Manager of the company. CONTACT: Göran Gezelius, Senior Executive Vice President, Business Area Industrial Technique + 46 8 743 8505, [email protected] Annika Berglund, SVP Group Communications, Atlas Copco AB + 46 8 743 8070 or + 46 70 322 8070, [email protected]