Atlas Copco has completed Greenfield acquisition
March 21, 2007
Stockholm, Sweden, March 21, 2007: Atlas Copco has completed the acquisition of the business of GreenField, based in Switzerland. The company is engaged in high pressure gas applications, mainly compressed natural gas (CNG) for natural gas vehicles. The turnover of GreenField is approximately MSEK 270 (MEUR 30) and it has around 200 employees.
GreenField designs, manufactures and markets a range of CNG compressors aimed at the natural gas vehicles market. The company has a long history in high pressure gas compression systems, a solid application knowledge and a well-known brand. GreenField’s headquarters are located in Pratteln, near Basel, Switzerland. The acquisition, which was announced on February 19, includes the business of the companies in the United States, Germany, Argentina, Brazil, Colombia, Venezuela, Canada, and Australia. GreenField will be part of the Oil-free Air division in the Compressor Technique business area. GreenField will continue to be a stand-alone brand.
For further information please contact:
- Ronnie Leten, Business Area President, Compressor Technique +32 (0)3 870 2938 or +32 (0)477 222 685
- Daniel Frykholm, Media Relations Manager +46 (0)8 743 8060 or +46 (0)70 865 8060