June 15, 2016
Stockholm, Sweden, June 15, 2016: Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire Schneider Druckluft GmbH, a German designer and producer of professional compressed air solutions with a large network of retailers and specialist shops.
Schneider Druckluft is based in Reutlingen near Stuttgart, Germany, and has about 110 employees. It also has offices in the Czech Republic and Slovakia. The company focuses mainly on piston compressors but offers a wide range of related products and services. It had revenues in 2015 of around MEUR 27 (MSEK 250).
“Schneider Druckluft is synonymous with high-quality compressed air solutions and will fit well with the strategy of our Professional Air division,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area. “We welcome the great team at Schneider Druckluft to our Group. Together we will continue to provide customers with outstanding products and service.”
The acquisition is subject to regulatory approvals and is expected to be completed in the third quarter.
The acquired business will become part of the Professional Air division within Atlas Copco’s Compressor Technique business area. The parties have agreed not to disclose the purchase price.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2015, Atlas Copco had revenues of BSEK 102 (BEUR 11) and more than 43 000 employees
Atlas Copco’s Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, the United States, China, South Korea, Germany, Italy and the United Kingdom.