June 5, 2020
Nacka, Sweden, June 5, 2020: Atlas Copco has acquired Ovity Air Comprimé. The company is specialized in distribution of industrial air compressors and solutions for compressed air.
Ovity Air Comprimé is located in Le Mans in the Loire Valley in France and has 8 employees.
“The acquisition will open up opportunities to further develop our presence in the area and grow our service offering in the north west of France,” said Vagner Rego, Business Area President Compressor Technique.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The company will become part of the service division within the 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.
In 2019, Atlas Copco had revenues of BSEK104 (BEUR 10) and at year end about 39 000 employees.