Atlas Copco completes acquisition of Penlon Medical Gas Solutions
August 17, 2011
Stockholm, Sweden, August 17, 2011: Atlas Copco Ltd has completed the acquisition of the Medical Gas Solutions business from Penlon Ltd, following clearance by competition authorities.
Penlon Medical Gas Solutions is a leading provider of medical gas systems, medical vacuum equipment, and pipeline components for hospitals. The business had revenues in 2010 of around MGBP 12 (around MSEK 120).
For further information please contact:
- Daniel Frykholm, Media Relations Manager 46 (0)8 743 8060 or 46 (0)70 865 8060 Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2010, Atlas Copco had 33 000 employees and revenues of BSEK 70 (BEUR 7.3). Atlas Copco’s Compressor Technique business area provides industrial compressors, gas and process compressors and expanders, air and gas treatment equipment and air management systems. It has a global service network and offers specialty rental services. Compressor Technique innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.