Atlas Copco has acquired two British compressed air distributors located in the North of England
November 2, 2022
Nacka, Sweden, November 2, 2022: Atlas Copco has acquired Precision Pneumatics Ltd and Wearside Pneumatics Ltd, two compressed air distributors and service providers in the UK.
Precision Pneumatics Ltd was founded in 1991 and is based near Liverpool, with presence in the North West of England. The company has 26 employees.
Wearside Pneumatics Ltd was founded in 1974 and is based near Newcastle upon Tyne, with presence in the North East of England. The company has 17 employees.
Both companies are privately owned by the same owners. They provide compressed air solutions to companies in all types of manufacturing industries, such as general manufacturing, electronics, automotive supply chain, food & beverage, and metal fabrication.
“Both companies have strong sales and service coverage in highly dense industrial areas of the UK,” said Vagner Rego, Business Area President Compressor Technique. “The acquisitions will further increase our direct service and sales presence in those key areas and provide growth opportunities.”
The purchase price is not disclosed.
The acquired businesses will become part of the Service division within the Compressor Technique Business Area.
For more information please contact:
- Daniel Althoff, Vice President Investor Relations
+46 76 899 9597
[email protected]
- Amanda Billner, Media Relations Manager
+46 73 58 25 670
[email protected]
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.