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Atlas Copco to Acquire U.S. Compressor Distribution

  Atlas Copco to Acquire U.S. Compressor Distribution

Business Wire

STOCKHOLM -- April 15, 2014

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.

This information was brought to you by Cision http://news.cision.com

Contact:

Atlas Copco
Stephan Kuhn
Business Area President, Compressor Technique
+32 (0)3 870 2938
or
Ola Kinnander
Media Relations Manager
+46 (0)8743 8060 or +46 (0)70 347 2455
 
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