January 3, 2017
Stockholm, Sweden, January 3, 2017: Atlas Copco, a leading provider of sustainable productivity solutions, has completed the acquisition of 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 are joining 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.
The parties have agreed not to disclose the purchase price. The business becomes part of Atlas Copco’s Compressor Technique Service division.
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 compressed air solutions; industrial compressors, 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, India, Germany and Italy.