April 11, 2013
Stockholm, Sweden, April 11, 2013: Atlas Copco’s U.S.-based Quincy Compressor LLC has agreed to acquire National Pump & Compressor’s air compressor business in the state of Illinois, USA.
Quincy will open a new company store that will serve as a base for the sale and servicing of Quincy’s products in the Illinois region. The business being purchased has distributed Quincy products for more than 60 years.
“Quincy Compressor has built great customer relationships, and we intend to build on the work done by National Pump & Compressor by further increasing our market presence and developing the service business,” said Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique. “Quincy was founded in Illinois and the state remains a key market for us.”
About 45 employees will join Quincy Compressor through this acquisition, which is expected to close before the end of April 2013.
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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 2012, Atlas Copco had 39 800 employees and revenues of BSEK 90.5(BEUR 10.5).
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.
Quincy Compressor is a leading designer and manufacturer of reciprocating and rotary screw air compressors, vacuum pumps and a full line of air treatment components. In business since 1920, Quincy has built its reputation on quality and rugged reliability, building tough air compressors for the most demanding applications. Learn more at www.quincycompressor.com .