Atlas Copco completes acquisition of GIA
January 31, 2012
Stockholm, Sweden, January 31, 2012: Atlas Copco AB has today completed the acquisition of GIA Industri AB in Sweden from Vätterledens Verkstad AB, a subsidiary of Vätterledens Invest AB.
The acquired business has 113 employees and annual revenues of about MSEK 230. With the acquisition, Atlas Copco broadens its offering with products including electric mine trucks, utility vehicles, continuous loaders and ventilation systems. GIA Industri AB is part of the Underground Rock Excavation division within the Mining and Rock Excavation Technique business area.
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 2011, Atlas Copco had 37 500 employees and revenues of BSEK 81 (BEUR 9). Atlas Copco’s Mining and Rock Excavation Technique business area provides equipment for drilling and rock excavation, a complete range of related consumables and service through a global network. The business area innovates for sustainable productivity in surface and underground mining, infrastructure, civil works, well drilling and geotechnical applications. Principal product development and manufacturing units are located in Sweden, the United States, Canada, China and India.