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Atlas Copco Acquires ABAC Catalunya, Spain - Atlas Copco’s subsidiary Aire Comprimido Industrial Iberia, S.L., has agreed to acquire certain assets of ABAC Catalunya, a long-serving distributor of ABAC compressors in Northeastern Spain
Atlas Copco Acquires ABAC Catalunya, Spain

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2011/02/17 - Atlas Copco’s subsidiary Aire Comprimido Industrial Iberia, S.L., has agreed to acquire certain assets of ABAC Catalunya, a long-serving distributor of ABAC compressors in Northeastern Spain.

   
 
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The acquisition is subject to approval from the Spanish Antitrust Authority.

Sales mainly consist of ABAC branded piston and screw compressor equipment and parts. The acquisition offers a good opportunity for Atlas Copco to grow customer relationships within the framework of its brand portfolio strategy.

Around eight employees will join the Atlas Copco organization in Spain from ABAC Catalunya as a result of the deal. The ABAC Catalunya business will be incorporated into Aire Comprimido Industrial Iberia, S.L.

For further information please contact:
• Stephan Kuhn, Business Area President, Compressor Technique
P: +32 (0)3 870 2938 or +32 (0)474 881 154

Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Atlas Copco (atlascopco.com) is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries In 2010, Atlas Copco had about 33 000 employees and revenues of BSEK 70 (BEUR 7.3).

Atlas Copco’s Compressor Technique business area develops, manufactures, markets, and services oil-free and oil-injected stationary air compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment and air management systems. It also offers specialty rental services. It innovates for superior productivity in applications such as manufacturing, construction, and the process industry worldwide. Principal product development and main manufacturing units are in Antwerp, Belgium.

 
 
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Agency / Source: Atlas Copco AB

 
 

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Atlas Copco Acquires ABAC Catalunya, Spain

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Atlas Copco |
Contact: Daniel Frykholm - AtlasCopco.com 
+46 (0)8 743 8060 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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