March 2, 2016
Stockholm, Sweden, March 2, 2016: Atlas Copco, a leading provider of sustainable productivity solutions, has completed the acquisition of FIAC, an Italian manufacturer of piston compressors and related equipment with a global sales network.
FIAC is based in Bologna, Italy, and has about 400 employees. The company offers a broad range of piston compressors, air treatment products, and spare parts. Founded in 1977, FIAC has production sites in Italy, China and Brazil, and sells into more than 110 countries. It had revenues in 2014 of about MEUR 70 (MSEK 640).
The FIAC compressors are used by a wide range of industrial and professional customers including small and medium-sized businesses; from car repair shops to manufacturing companies. The parties have agreed not to disclose the purchase price.
FIAC becomes part of the new Professional Air division in the Compressor Technique business area. To learn more about FIAC, please see http://web.fiac.it/en/.
Atlas Copco announced on January 26, 2016 that it had agreed to acquire FIAC.