Agency / Source: Atlas Copco AB

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Atlas Copco Acquired A US Service Distribution and Service Supplier of Medical Gas Systems - Atlas Copco has acquired the operating assets of MGES, Inc., a service supplier of medical gas solutions including distribution and service of medical gas systems - AtlasCopco.com
Atlas Copco Acquired A US Service Distribution and Service Supplier of Medical Gas Systems

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2019/07/05 - Atlas Copco has acquired the operating assets of MGES, Inc., a service supplier of medical gas solutions including distribution and service of medical gas systems - AtlasCopco.com.

   
 
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The company is based in Houston, Texas, and serves the Houston and San Antonio area.

The company has 11 employees and had an annual revenue of approximately MUSD 5 (MSEK 48) in 2018.

The company services, sells and completes small installations of piped medical gas equipment, which includes medical air systems, vacuum systems, pipeline equipment and laboratory equipment.

"The acquisition gives us the ability to expand our local support to our healthcare and laboratory customers in the Houston and San Antonio, Texas area", said Vagner Rego, Business Area President Compressor Technique. "It allows us to increase direct sales and services in one of the fastest growing regions in the US".

The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.

The business will be integrated into BeaconMedaes LLC, which is part of the Medical Gas Solutions Division in Compressor Technique Business Area.

Contact: Vagner Rego, Business Area President, Compressor Technique
T: +32 375 085 08 - E: vagner.rego[.]be.atlascopco.com.

Atlas Copco Group

Great ideas accelerate innovation. At Atlas Copco, (atlascopco.com), we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.

Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries and about 37,000 employees. Revenues of BSEK 95/BEUR 9 in 2018.

 
 
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Agency / Source: Atlas Copco AB

 
 

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Atlas Copco Acquired A US Service Distribution and Service Supplier of Medical Gas Systems

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Atlas Copco Group | MGES, Inc.
Contact: Sara Liljedal - AtlasCopco.com 
+46 8 743 8060 / +46 72 144 1038 media[.]se.atlascopco.com
 
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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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