March 6, 2019
Stockholm, Sweden, March 6, 2019: Atlas Copco has acquired Woodward Compressor Sales, a distributor focused on sales and service of compressors, as well as parts used for compressor service.
Woodward Compressor Sales Inc. is located in Charlotte, North Carolina, USA. The company has around 15 employees. Woodward Compressor Sales has over 50 years of expertise in providing service, technical support, specifying and supplying parts for many different compressor brands.
"The company is a global expert when it comes to advanced knowledge in specifying and sourcing hard to find compressor parts", said Vagner Rego, Business Area President Compressor Technique. "Through the acquisition we will increase our ability to support customers in the US market through service".
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The acquired business legally becomes part of Atlas Copco Compressors LLC, in the USA.
Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.
Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries and about 37 000 employees. Revenues of BSEK 95/9 BEUR in 2018.