July 29, 2022
Nacka, Sweden, July 29, 2022: Atlas Copco has acquired the operating assets of Compressed Air Products, Inc. (CAP). CAP sells to a broad range of industrial customer segments. It also has a strong service business.
CAP is located in Newnan, Georgia, south-west of Atlanta, and has 20 employees.
“CAP has a strong reputation in the Georgia market,” said Vagner Rego, Business Area President Compressor Technique. “We have a long relationship with CAP as a distributor. This acquisition is in line with our strategy to get closer to our customers.”
The purchase price is not disclosed.
The acquired business will operationally 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 2021, Atlas Copco had revenues of BSEK 111 and at year end about 43 000 employees.