August 5, 2008
Stockholm, Sweden, August 5, 2008: Atlas Copco Tools and Assembly Systems LLC, USA, acquires privately-held Industrial Power Sales, Inc., USA. The acquisition brings Atlas Copco Tools and Assembly Systems closer to its customers in the southeastern region of the United States.
Industrial Power Sales is a distributor of tools, assembly systems and material handling equipment and has represented Atlas Copco Tools & Assembly Systems for 28 years. The company is headquartered in Raleigh, North Carolina and employs 61 people.
“The acquisition will give Atlas Copco better geographical coverage, allowing us to meet the needs of our global and regional customers. In addition, Industrial Power Sales employees have a great deal of valuable knowledge and experience, which complements that of our own people,” says Mats Rahmström, President Atlas Copco Industrial Technique.
The company has been a distributor of Atlas Copco’s products in Virginia, North and South Carolina, Tennessee, Georgia, Alabama, and Mississippi. The North American Tools and Assembly Systems team will total 250 employees after the acquisition.
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.