Atlas Copco has acquired a New York-based compressor distributor
November 11, 2022
Nacka, Sweden, November 11, 2022: Atlas Copco has acquired the operating assets of Northeast Compressor. Northeast Compressor sells air compressors, related equipment, and services to a broad range of industrial customers in upstate New York, USA.
Northeast Compressor, which also has a strong parts and maintenance business, was initially started in the 1980s, and has been a part of Kinequip, Inc. since the 1990s. Northeast Compressor is located in North Syracuse, New York. 6 employees will join Atlas Copco.
“Northeast Compressor has a strong parts and maintenance business,” said Vagner Rego, Business Area President Compressor Technique. “The acquisition will help us get closer to customers and grow our geographic coverage in upstate New York.”
The purchase price is not disclosed.
The acquired business will become part of 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.