STOCKHOLM--(BUSINESS WIRE)--Atlas Copco AB (STO:ATCOA) (STO:ATCOB)
Atlas Copco’s U.S.-based Quincy Compressor LLC has agreed to acquire the compressor business of National Pump & Compressor Ltd. and McKenzie Compressed Air Inc. in the United States.
National Pump & Compressor’s business is located in Texas and Alabama, while McKenzie Compressed Air is focused on Texas. In total the businesses to be acquired have about 120 employees, all of whom are expected to join Quincy Compressor.
The businesses are focused on distribution, service and rental of compressor-related equipment for use in such areas as manufacturing, construction, petrochemical, refinery and oil fields.
“The acquisitions will allow Quincy Compressor to further strengthen its presence in Texas, especially in the Gulf Coast region,” said Stephan Kuhn, President of Atlas Copco’s Compressor Technique business area. “We will build on the great work done by National Pump & Compressor and McKenzie Compressed Air, and continue to bring high-quality products and service to our customers.”
The acquisitions are expected to close in the second quarter 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.
Atlas Copco’s Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.
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