Atlas Copco has acquired a US service supplier of medical gas systems
March 7, 2023
Nacka, Sweden, March 7, 2023: Atlas Copco has acquired the operating assets of FS Medical Technology Business (FS Medical), based in California, USA. The business services, sells, verifies, and tests piped medical and laboratory gas equipment and systems.
FS Medical has 32 employees and is headquartered in Rancho Cordova, California. FS Medical is a leading medical and laboratory gas services company, providing annual inspections, environmental monitoring and analysis, new construction and renovation verifications, ongoing maintenance, parts supply, equipment sales and professional development and training. In 2022, the business had a turnover of 7 MUSD (71 MSEK).*
The business serves the healthcare and laboratory sectors on the west coast of the United States.
“This acquisition will complement our existing support and service footprint in the West coast region,” says Vagner Rego, Business Area President Compressor Technique.
The purchase price is not disclosed.
The business will be integrated into BeaconMedaes LLC, which is part of the Medical Gas Solutions Division in the Compressor Technique Business Area.
*Based on the average exchange rate in 2022.
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 2022, Atlas Copco Group had revenues of BSEK 141 and at year end about 49 000 employees.