Atlas Copco takes full ownership in Focus and Prisma in India
April 1, 2009
Stockholm, Sweden, April 1, 2009: Atlas Copco (India) Ltd has exercised an option to buy the remaining 75% of shares in Focus Rocbit Pvt Ltd and Prisma Roctools Pvt Ltd. The acquisitions strengthen the Group’s position in the market for drill bits and hammers.
Atlas Copco acquired 25% of the companies in April 2008. Focus is a manufacturer of bits for rotary drilling and Prisma makes bits and hammers for down-the-hole drilling.
“Focus and Prisma have shown a satisfactory development during the past year. It is with pleasure we now welcome their employees to the Atlas Copco Group and we look forward to serving Focus and Prisma’s customers,” says Björn Rosengren, President of Atlas Copco’s Construction and Mining Technique business area.
The companies, which had combined revenues of MSEK 93 in the 2008/9 financial year and 104 employees, are integrated with Atlas Copco’s Secoroc division as of April 1, 2009. The parties have agreed not to disclose the purchase price.
“Focus and Prisma have shown a satisfactory development during the past year. It is with pleasure we now welcome their employees to the Atlas Copco Group and we look forward to serving Focus and Prisma’s customers,” says Björn Rosengren, President of Atlas Copco’s Construction and Mining Technique business area.
The companies, which had combined revenues of MSEK 93 in the 2008/9 financial year and 104 employees, are integrated with Atlas Copco’s Secoroc division as of April 1, 2009. The parties have agreed not to disclose the purchase price.
For further information please contact:
- Björn Rosengren, Business Area President, Construction and Mining Technique
+46 (0)8 743 8314 or +46 (0)70 417 8502 - 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.