May 10, 2021
Nacka, Sweden, May 10, 2021: Atlas Copco has acquired the operating assets of MidState Air Compressor. The company is a distributor of compressors and provider of service that covers Connecticut, Rhode Island, and Massachusetts in the United States.
The company has about 15 employees and is based in Berlin, Connecticut. They offer a wide portfolio of air compressors, dryers, and related services.
“MidState Air Compressor has a strong reputation and a large, loyal customer base, which is supported by an experienced and dedicated team of employees,” said Vagner Rego, Business Area President Compressor Technique. “This acquisition allows us to focus on growing our business and continue to strengthen our market presence in the region.”
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
The acquired business will become part of Quincy Compressor LLC, which is part of the Industrial Air division within the Compressor Technique Business Area.
Atlas Copco Group
Our industrial ideas empower our customers to grow and drive society forward. This is how we create a better tomorrow. Atlas Copco is a global industrial group, founded in 1873 in Stockholm. In 2020 we had revenues of BSEK100 (BEUR 10) and at year end about 40 000 employees.