September 10, 2013
Stockholm, Sweden, September 10, 2013: Atlas Copco, a leading provider of sustainable productivity solutions, has acquired Pneumatic Holdings Inc., a leading U.S. provider of pneumatic light construction tools.
Pneumatic Holdings, based in Santa Fe Springs, California, provides light pneumatic construction tools including paving breakers, chipping hammers, rivet busters and rock drills.The company has 16 employees and had revenue in 2012 of MUSD 10.8 (MSEK 73).The new legal owner is Atlas Copco Construction Mining Technique USA, LLC.
“The acquisition of Pneumatic Holdings strengthens our distribution and presence in the North American construction market,” said Nico Delvaux, President of Atlas Copco’s Construction Technique business area.
Pneumatic Holdings’s main customer segments consist of contractors and rental companies within the construction industry.The company becomes part of the Construction Tools division in Atlas Copco’s Construction Technique business area.
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 Construction Technique business area provides construction and demolition tools, portable compressors, pumps and generators, lighting towers, and compaction and paving equipment. It offers service through a global network. Construction Technique innovates for sustainable productivity in infrastructure, civil works, oil and gas, energy, drilling and road construction projects. Principal product development and manufacturing units are located in Belgium, Germany, Sweden, the United States, China, India and Brazil.