Stockholm, Sweden, October 18, 2019: Atlas Copco has acquired the assets of US distributors Accurate Air Engineering and Compressed Air of California.
The sister companies are located south of Los Angeles in California and have a sales and service network covering almost the entire state. Together they have 52 employees.
“This acquisition will complement our existing footprint in the region", said Vagner Rego, Business Area President Compressor Technique. “The companies have a strong reputation of being agile and staying close to the customer base.”
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The business acquired from Accurate Air Engineering and Compressed Air of California will operationally become part of the Compressor Technique service division.
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.