Atlas Copco finalized the outstanding parts in its acquisition of Aggreko plc’s European oil-free air compressor rental business on March 1.
The acquired business had revenues in 2008 of about €10 million (about U.S. $12.6 million) and 21 employees. About half of the assets acquired were consolidated as of Nov. 20, 2008. The acquisition of the remainder has now received approval by all relevant competition authorities.
The acquired business has been integrated into Atlas Copco’s Specialty Rental division. The buyers of the fleet assets are various Atlas Copco companies in Europe.
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Headquartered in Stockholm, Sweden, Atlas Copco is an international provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental.
Specialty Rental is a division within Atlas Copco’s Compressor Technique business area. It serves customers in the industry segments around the world with temporary air and power rental solutions. The specialty rental services are offered under several brands. The divisional headquarters is located in Antwerp, Belgium.