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April 4, 2017
Stockholm, Sweden, April 4, 2017: Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire Pressure Compressores Ltda., a Brazilian manufacturer of piston compressors and related equipment.
Pressure Compressores is based in Maringá in the state of Parana, Brazil. The company offers a broad range of piston compressors, screw compressors and air treatment products, serving mainly the Brazilian market but also some other South American countries. It has about 150 employees and had revenues in 2016 of about MBRL 50 (MSEK 145).
“Pressure Compressores is known in South America for its quality with a well-reputed technology for piston compressors,” said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area. “With this acquisition we are strengthening our presence in this important region.”
Pressure Compressores’ products are used by a wide range of industrial and professional customers; from car repair shops to manufacturing companies.
The acquisition is expected to be completed during the second quarter of 2017. The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. Pressure Compressores will become part of the Professional Air division in the 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.