July 2, 2019
Stockholm, Sweden, July 2, 2019: Atlas Copco has acquired the operating assets of MGES Inc., a service supplier of medical gas solutions including distribution and service of medical gas systems.
The company is based in Houston, Texas, and serves the Houston and San Antonio area.
The company has 11 employees and had an annual revenue of approximately MUSD 5 (MSEK 48) in 2018.
The company services, sells and completes small installations of piped medical gas equipment, which includes medical air systems, vacuum systems, pipeline equipment and laboratory equipment.
"The acquisition gives us the ability to expand our local support to our healthcare and laboratory customers in the Houston and San Antonio, Texas area", said Vagner Rego, Business Area President Compressor Technique. "It allows us to increase direct sales and services in one of the fastest growing regions in the US".
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The business will be integrated into BeaconMedaes LLC, which is part of the Medical Gas Solutions Division in Compressor Technique Business Area.
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.