Atlas Copco Acquires U.S. Compressor Distribution
STOCKHOLM -- April 11, 2013
Atlas Copco’s (STO:ATCOA) (STO:ATCOB) U.S.-based Quincy Compressor LLC has
agreed to acquire National Pump & Compressor’s air compressor business in the
state of Illinois, USA.
Quincy will open a new company store that will serve as a base for the sale
and servicing of Quincy’s products in the Illinois region. The business being
purchased has distributed Quincy products for more than 60 years.
“Quincy Compressor has built great customer relationships, and we intend to
build on the work done by National Pump & Compressor by further increasing our
market presence and developing the service business,” said Stephan Kuhn,
Business Area President, Atlas Copco Compressor Technique. “Quincy was founded
in Illinois and the state remains a key market for us.”
About 45 employees will join Quincy Compressor through this acquisition, which
is expected to close before the end of April 2013.
Atlas Copco is an industrial group with world-leading positions in
compressors, expanders and air treatment systems, construction and mining
equipment, power tools and assembly systems. With innovative products and
services, Atlas Copco delivers solutions for sustainable productivity. The
company was founded in 1873, is based in Stockholm, Sweden, and has a global
reach spanning more than 170 countries. In 2012, Atlas Copco had 39 800
employees and revenues of BSEK 90.5(BEUR 10.5). Learn more at
Atlas Copco’s Compressor Technique business area provides industrial
compressors, gas and process compressors and expanders, air and gas treatment
equipment and air management systems. It has a global service network and
offers specialty rental services. Compressor Technique 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.
Quincy Compressor is a leading designer and manufacturer of reciprocating and
rotary screw air compressors, vacuum pumps and a full line of air treatment
components. In business since 1920, Quincy has built its reputation on quality
and rugged reliability, building tough air compressors for the most demanding
applications. Learn more at www.quincycompressor.com .
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