STOCKHOLM--(BUSINESS WIRE)--Atlas Copco AB (STO:ATCOA) (STO:ATCOB)
Atlas Copco, a leading provider of sustainable productivity solutions, has agreed the final price for the acquisition of Edwards Group Ltd., headquartered in the United Kingdom.
Edwards is a technology and market leader in sophisticated vacuum products and abatement solutions. The products and services are integral to manufacturing processes, such as for semiconductors and flat panel displays, and are used within an increasingly diverse range of industrial applications.
Edwards’ 2013 Annual Report is now audited and accepted by Atlas Copco AB. As per the agreement Atlas Copco will therefore make an additional payment of USD 1.25 per share. This payment will be made on March 10, 2014. Atlas Copco initially paid USD 9.25 per share, which gives a total purchase price of USD 10.50 per share. This corresponds to an enterprise value of MSEK 9 900 (BUSD 1 500), whereof approximately MSEK 2 100 of net debt at the time of closing.
For more details about the acquisition, please see Atlas Copco’s press releases issued on August 19, 2013 and on January 9, 2014.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees. Learn more at www.atlascopco.com.
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