August 8, 2017
Stockholm, Sweden, August 8, 2017: Atlas Copco, a leading provider of sustainable productivity solutions, has acquired certain assets of Glauber Equipment Corporation, an Atlas Copco compressed air distributor and service provider.
Glauber Equipment is headquartered in Lancaster, New York, United States, and is active in Upstate and Western New York. Atlas Copco acquired Glauber Equipment’s compressor-related business. It sells, rents out, installs and services Atlas Copco products, including compressors and ancillary equipment, to industrial manufacturers and other customers. Sixteen Glauber Equipment employees are joining Atlas Copco.
“Having the strong team at Glauber Equipment as part of our Group will give us increased focus on and direct access to more customers in this important region,” said Vagner Rego, President of Atlas Copco’s Compressor Technique business area.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. The business becomes part of 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.