Atlas Copco Completes Acquisition of Edwards Group
STOCKHOLM -- January 9, 2014
Atlas Copco (STO:ATCOA) (STO:ATCOB), a leading provider of sustainable
productivity solutions, has closed 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.
Following the acquisition Edwards will be delisted from the NASDAQ stock
Atlas Copco has initially paid Edwards shareholders USD 9.25 per share. Once
Edwards’s audited 2013 income statement is final, an additional payment of up
to USD 1.25 per share will be made, corresponding to a maximum total of USD
10.50 per share.
Edwards’s 2013 income statement is estimated to be ready before the end of the
first quarter of 2014.
The acquired business is now part of Atlas Copco’s new Vacuum Solutions
division in the Compressor Technique business area. For more details, please
see Atlas Copco’s press release issued on August 19, 2013.
Atlas Copco discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
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, vacuum solutions, 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.
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