Atlas Copco completes divestment of road construction equipment business
October 5, 2017
Stockholm, Sweden, October 5, 2017: Atlas Copco, a leading provider of sustainable productivity solutions, has completed the divestment of its Road Construction Equipment division to French industrial and construction company Fayat Group.
Atlas Copco announced on January 19, 2017, that it had agreed to sell the business to Fayat Group. The deal includes sales and service operations in 37 countries and production units in five countries; Sweden, Germany, Brazil, India and China. The business has 1 280 employees and had revenues of approximately MSEK 2 900 (MEUR 309) in 2016. The transaction price is not materially significant to Atlas Copco’s market capitalization and is not disclosed. The divested business manufactures rollers for asphalt and soil applications, planers and pavers. The products will be sold under the Dynapac trade name.
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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.