Atlas Copco Takes Increased Stake in India
22 aug 2001
Stockholm, Sweden - August 23, 2001 - Atlas Copco AB has increased its share holding in Atlas Copco (India) Ltd from a minority holding to 50.3 percent. Atlas Copco (India) Ltd is a public company, listed on the Mumbai and Pune Stock Exchanges.
The increased holding in AC India aims, together with the recent merger of the two Group companies Atlas Copco India and Chicago Pneumatic India, at providing a more solid structure for our current and future operations in India. CONTACT: Annika Berglund, Senior Vice President, Group Communications +46-8-743 8070, e-mail: [email protected] André Schmitz, Managing Director, Atlas Copco /(India) Ltd. +91-20-712 6040, e-mail: [email protected] Atlas Copco Group is an international industrial company with its head office in Stockholm, Sweden. In 2000, the Group had revenues of $5 billion USD, with 98 percent of revenues outside Sweden, and close to 27,000 employees. Atlas Copco companies develop, manufacture, and market electric and pneumatic tools, compressed air equipment and generators, construction and mining equipment, assembly systems, and offer related service and equipment rental. More information is available on www.atlascopco-group.com.