June 17, 2019
Stockholm, Sweden, June 17, 2019: Atlas Copco has acquired the operating assets of Taylor Air Center, a division of Vallen Distribution Inc.
The company has around 20 employees and is located within the densely populated Lehigh Valley in Pennsylvania in the US. "Taylor Air Center has a very long history of being a successful distributor and has a well-served, established customer base", said Vagner Rego, Business Area President Compressor Technique. Taylor Air Center sells mainly directly to end users across a focused range of market sectors, along with some sales to smaller resellers in their region. The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. The acquired business will operationally become part of the Compressor Technique service division.
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/BEUR 9 in 2018.