March 2, 2017
Stockholm, Sweden, March 2, 2017: Atlas Copco, a leading provider of sustainable productivity solutions, has acquired Orcan Basincli Hava Makinalari San. ve Tic. Ltd., a Turkish distributor and service provider of Atlas Copco industrial air compressors and related products.
Orcan is based in Istanbul and operates throughout the European part of Turkey. It has 17 employees. Orcan’s business is focused on distribution and service of Atlas Copco compressors and air treatment systems for use in such areas as manufacturing and general industry.
“We are happy that the great team at Orcan is joining us as they will help us increase productivity for more customers in Turkey,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area.
The purchase price is insignificant relative to Atlas Copco’s market capitalization and is not disclosed. The company becomes part of Atlas Copco’s Compressor Technique business area.
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 2016, Atlas Copco had revenues of BSEK 101 (BEUR 11) and about 45 000 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.