June 14, 2021
Nacka, Sweden, June 14, 2021: Atlas Copco has acquired the operating assets of Compressed Air Systems, Inc. (CAS), a distributor of compressors located in North Carolina in the US.
CAS is a privately owned company and has 30 employees. The company is located in Salisbury, North Carolina.
“CAS has a strong service business and a very knowledgeable team,” said Vagner Rego, Business Area President Compressor Technique. “North Carolina, South Carolina and Virginia are areas with good growth potential and the acquisition will enable us to reach our goal to get closer to customers.”
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
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.