May 31, 2007
The agreement with Altor Equity Partners to acquire Dynapac was first announced on Feb. 5 and has now received approval from all relevant authorities.
Dynapac, which had sales in 2006 of approximately BSEK 4.6 (MEUR 505) and 2 100 employees, will operate as a separate division, Atlas Copco Road Construction Equipment, within the Construction and Mining Technique business area.
Claes Ahrengart has been appointed President of the newly formed division and will begin in his new position immediately. He has previously been President of Atlas Copco’s Construction Tools division. Dynapac’s former CEO, Ronald Kok, will be a board member of the Road Construction Equipment division.
The acquisition of Dynapac, which has production sites in six countries and sales in over 115 countries, will give Atlas Copco additional products and sales channels to grow in the expanding road construction market, particularly in nations such as China and India.