STOCKHOLM, Sweden — Atlas Copco S.A.E. Holding signed an agreement to acquire Guimera S.A., including its subsidiary S.A.M.M. S.L., both in Spain. The sales price has not been disclosed.

Guimera S.A. is an industrial rental company with its head office in Barcelona and seven depots, five of which are in the Catalonia region. A large part of Guimera's business is generator rental for power generation in the industrial and events markets, as well as rental of temperature control units, air compressors, welding and certain construction equipment. Guimera owns the specialty rental company, S.A.M.M. S.L., located in Tarragona, which serves the petrochemical industry by means of two depots.

Guimera will operate as part of the Portable Air division within Atlas Copco's Compressor Technique business area. The acquisition is fully in line with Portable Air's strategic direction for growth of the specialty rental business. Previous rental company acquisitions in this division include Abird in the Netherlands and Rand-Air in South Africa in 1999.