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Agency / Source: Atlas Copco AB

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Atlas Copco Acquires U.S. Construction Tools Company - Atlas Copco, a leading provider of sustainable productivity solutions, has acquired Pneumatic Holdings Inc., a leading U.S. provider of pneumatic light construction tools - AtlasCopco.com
Atlas Copco Acquires U.S. Construction Tools Company

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2013/09/10 - Atlas Copco, a leading provider of sustainable productivity solutions, has acquired Pneumatic Holdings Inc., a leading U.S. provider of pneumatic light construction tools - AtlasCopco.com.

   
 
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Pneumatic Holdings, based in Santa Fe Springs, California, provides light pneumatic construction tools including paving breakers, chipping hammers, rivet busters and rock drills.The company has 16 employees and had revenue in 2012 of MUSD 10.8 (MSEK 73).The new legal owner is Atlas Copco Construction Mining Technique USA, LLC.

“The acquisition of Pneumatic Holdings strengthens our distribution and presence in the North American construction market,” said Nico Delvaux, President of Atlas Copco’s Construction Technique business area.

Pneumatic Holdings’s main customer segments consist of contractors and rental companies within the construction industry.The company becomes part of the Construction Tools division in Atlas Copco’s Construction Technique business area.

For further information please contact:
Nico Delvaux, Business Area President, Construction Technique +86 (0)21 22 08 48 88

Atlas Copco (atlascopco.com) 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).

Atlas Copco’s Construction Technique business area provides construction and demolition tools, portable compressors, pumps and generators, lighting towers, and compaction and paving equipment. It offers service through a global network. Construction Technique innovates for sustainable productivity in infrastructure, civil works, oil and gas, energy, drilling and road construction projects. Principal product development and manufacturing units are located in Belgium, Germany, Sweden, the United States, China, India and Brazil.

 
 
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Agency / Source: Atlas Copco AB

 
 

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Atlas Copco Acquires U.S. Construction Tools Company

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Atlas Copco |
Contact: Ola Kinnander - AtlasCopco.com 
+46(0)8 743 8060 /+46(0)70 347 2455 media[.]se.atlascopco.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Atlas Copco AB securities in any jurisdiction including any other companies listed or named in this release.

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