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Atlas Copco’s Final Price for Edwards Group Agreed - Atlas Copco, a leading provider of sustainable productivity solutions, has agreed the final price for the acquisition of Edwards Group Ltd., headquartered in the United Kingdom - AtlasCopco.com
Atlas Copco’s Final Price for Edwards Group Agreed

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2014/03/06 - Atlas Copco, a leading provider of sustainable productivity solutions, has agreed the final price for the acquisition of Edwards Group Ltd., headquartered in the United Kingdom - AtlasCopco.com.

   
 
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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.

Edwards’ 2013 Annual Report is now audited and accepted by Atlas Copco AB. As per the agreement Atlas Copco will therefore make an additional payment of USD 1.25 per share. This payment will be made on March 10, 2014. Atlas Copco initially paid USD 9.25 per share, which gives a total purchase price of USD 10.50 per share. This corresponds to an enterprise value of MSEK 9 900 (BUSD 1 500), whereof approximately MSEK 2 100 of net debt at the time of closing.

For more details about the acquisition, please see Atlas Copco’s press releases issued on August 19, 2013 and on January 9, 2014.

Contact: Mattias Olsson, Vice President Investor Relations
P: +46 (0)8 743 8295 or +46 (0)72 729 8295 - E: ir[.]se.atlascopco.com.

About Atlas Copco

Atlas Copco (atlascopco.com) 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.

 
 
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Agency / Source: Atlas Copco AB

 
 

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Atlas Copco’s Final Price for Edwards Group Agreed

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Atlas Copco | Edwards Group
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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