Atlas Copco Acquires Industrial Power Sales, Inc.

Tag : Industrial Power Tools

Regulatory News:
Atlas Copco Tools and Assembly Systems LLC, USA, (STO:ATCOA)(STO:ATCOB) acquires privately-held Industrial Power Sales, Inc.,USA. The acquisition brings Atlas Copco Tools and Assembly Systemscloser to its customers in the southeastern region of the UnitedStates.
Industrial Power Sales is a distributor of tools, assembly systemsand material handling equipment and has represented Atlas CopcoTools & Assembly Systems for 28 years. The company isheadquartered in Raleigh, North Carolina and employs 61 people.
"The acquisition will give Atlas Copco better geographicalcoverage, allowing us to meet the needs of our global and regionalcustomers. In addition, Industrial Power Sales employees have agreat deal of valuable knowledge and experience, which complementsthat of our own people," says Mats Rahmstrom, President Atlas CopcoIndustrial Technique.
The company has been a distributor of Atlas Copco's products inVirginia, North and South Carolina, Tennessee, Georgia, Alabama,and Mississippi. The North American Tools and Assembly Systems teamwill total 250 employees after the acquisition.
Atlas Copco may be required to disclose the information providedherein pursuant to the Securities Markets Act.
Atlas Copco is a world leading provider of industrial productivitysolutions. The products and services range from compressed air andgas equipment, generators, construction and mining equipment,industrial tools and assembly systems, to related aftermarket andrental. In close cooperation with customers and business partners,and with 135 years of experience, Atlas Copco innovates forsuperior productivity. Headquartered in Stockholm, Sweden, theGroup's global reach spans more than 160 markets. In 2007, AtlasCopco had 33 000 employees and revenues of BSEK 63 (BEUR 6.7).Learn more at www.atlascopco.com.
Atlas Copco's Industrial Technique business area develops,manufactures and markets industrial power tools, assembly systems,aftermarket products, software and service. It innovates forsuperior productivity for applications in the automotive andaerospace industry, general industrial manufacturing andmaintenance, and vehicle service worldwide. Principal productdevelopment and main manufacturing units are in Sweden, GreatBritain, France. More information is available onwww.atlascopco.com.
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