Atlas Copco completes acquisition of Australian mining service business
February 1, 2018
Stockholm, Sweden, February 1, 2018: Atlas Copco, a leading provider of sustainable productivity solutions, has completed the acquisition of the assets of Hy-Performance Fluid Power Pty Ltd, an Australian service provider for mining and infrastructure.
The team at Hy-Performance Fluid Power
Hy-Performance Fluid Power is based in Brisbane, with sales mainly in Australia. The company provides remanufacturing, service and repair of hydraulic components for drill rigs. It has 26 employees and had revenues of MAUD 7.5 (MSEK 50) in the fiscal year ending June 30, 2017.
Atlas Copco announced on January 10, 2018, that it had agreed to acquire the assets of Hy-Performance Fluid Power.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The business becomes part of the service division in the Mining and Rock Excavation Technique business area, which will be listed as Epiroc on the stock exchange in mid-2018, provided Atlas Copco shareholders’ approval. To learn more about Hy-Performance Fluid Power, please see http://www.hyperfluid.com.au.
For more information please contact:
- Sara Liljedal, Media Relations Manager +46 8 743 8060 media@se.atlascopco.com
- Helena Hedblom, Business Area President, Mining and Rock Excavation Technique +46 8 743 8314 helena.hedblom@se.atlascopco.com
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 2017, Atlas Copco had revenues of BSEK 116 (BEUR 12) and about 47 000 employees.
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