June 2, 2010
Stockholm, Sweden, June 2, 2010: Atlas Copco Tools & Assembly Systems LLC has agreed to take over the sales and marketing of products and services in southern United States from its current distributor Tooling Technologies Inc. The agreement further strengthens Atlas Copco’s presence, market coverage and support to customers in the region.
“We are very pleased with this opportunity to integrate a larger part of the U.S. into the Atlas Copco sales organization and offer our customers an even wider range of sophisticated products, services and accessories,” says Mats Rahmström, Business Area President, Atlas Copco Industrial Technique. “The agreement broadens our customer base, increases the aftermarket share of revenues and reduces the cost level.”
Tooling Technologies had revenues in 2009 of approximately MUSD 12 (MSEK 90). Sales are in Texas and surrounding states, including northern Mexico. Customers are in the motor vehicle industries and general industries, as well as segments such as petrochemical/oilfield, power generation, government, electronics and aerospace.
Atlas Copco and Tooling Technologies have made a mutual agreement to fully transfer the distribution of the Atlas Copco products and services to Atlas Copco Tools & Assembly Systems LLC in the territory. Customers in Mexico will be transferred to the Atlas Copco Customer Centre in Mexico.
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Atlas Copco is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2009, Atlas Copco had about 30 000 employees and revenues of BSEK 64 (BEUR 6.0). Learn more at www.atlascopco.com (http://www.atlascopco.com).
Atlas Copco’s Industrial Technique business area develops, manufactures and markets industrial power tools, assembly systems, aftermarket products, software and service. It innovates for sustainable productivity for applications in the automotive and aerospace industry, general industrial manufacturing and maintenance, and vehicle service worldwide. Principal product development and main manufacturing units are in Sweden, China, France, Hungary and Japan.