December 7, 2016
Stockholm, Sweden, December 7, 2016: Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire the business of hb Kompressoren Druckluft- und Industrietechnik GmbH, a German distributor and service provider of industrial air compressors and related systems.
Hb Kompressoren is based close to Stuttgart and operates in the southwestern region of Germany. About 10 employees will join Atlas Copco. The business is focused on distribution and service of compressors and air treatment systems for use in such areas as manufacturing and general industry.
“We are glad to have such a strong team joining us as it will allow us to further strengthen our presence in the southwestern region of Germany,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area. “It reinforces our commitment to serve customers with top-quality products and services.”
The parties have agreed not to disclose the purchase price. The acquisition is expected to be completed shortly. The business will become part of Atlas Copco’s Compressor Technique Service division.
For further information please contact:
Nico Delvaux, Business Area President, Compressor Technique
+32 3 401 9551
Ola Kinnander, Media Relations Manager
+46 8 743 8060 or +46 70 347 2455
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. Learn more at www.atlascopcogroup.com.
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.