Atlas Copco divests Spanish rental business Guimera
February 13, 2008
Stockholm, Sweden, February 13, 2008: Atlas Copco S.A.E. has today divested Guimera S.A., which is part of Atlas Copco Compressor Technique’s rental operations in Spain. The divestment is part of the Specialty Rental division’s strategy to focus on its core business.
The buyer is a subsidiary of General de Alquiler de Maquinaria S.A. (GAM), Spain’s market leading equipment rental company. The divested business, which includes the Guimera brand name, has total annual revenues of about MSEK 130 (MEUR 14) and 92 employees, and relates to rental of equipment for power generation and temperature control.
“Following this and earlier divestments with the clear mission to concentrate on oil-free air and high pressure equipment for industrial applications, our Specialty Rental division now has a more efficient structure that will further improve our customer focus and help us develop the division,” says Ronnie Leten, President of Atlas Copco’s business area Compressor Technique. “We believe Guimera has excellent future prospects with its new owners.”
The sales price is MSEK 170 (MEUR 18). Atlas Copco’s remaining specialty rental business in Spain operates under the Atlas Copco brand name.
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
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
The information was submitted for publication at 13:30 on February 13, 2008.