August 31, 2010
Stockholm, Sweden, August 31, 2010: Today, Atlas Copco Austria GmbH has acquired Hartl Anlagenbau GmbH, Austria, a company that manufactures and sells mobile crushers and screeners.
By this acquisition Atlas Copco will enter the growing mobile crushing and screening market, thereby strengthening the Group’s offering in the areas of quarrying and recycling.
“The acquisition increases Atlas Copco’s participation in the customer value chain and makes us a more complete partner to our customers in these segments,”says Björn Rosengren, Business Area President of Atlas Copco Construction & Mining Technique.
Hartl Anlagenbau GmbH is a privately owned company based in St. Valentin, Austria and currently employs approximately 110 people. In 2009 the company’s total revenues were MEUR 21 (MSEK 197). The products are mainly distributed through a dealer network and partners. Hartl will become a product company within the Atlas Copco Surface Drilling Equipment division.
The parties have agreed not to disclose the purchase price.
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).
Atlas Copco’s Construction and Mining Technique business area develops, manufactures, markets and services rock drilling tools, construction and demolition tools, drill rigs and equipment. It innovates for superior productivity in surface and underground rock excavation, exploration drilling, rock reinforcement, ground engineering, water well, oil and gas drilling, and compaction and paving equipment worldwide. The business area has its principal product development and main manufacturing units in Sweden and the United States.