Atlas Copco has agreed to divest parts of its Alup Kompressoren GmbH subsidiary in Germany, to comply with conditions set by anti-trust authorities for the acquisition of the Industrial Division of the ABAC Group.
Atlas Copco is selling Alup Kompressoren’s German sales and service business, and its assembly operation in Köngen, Germany, to ALMIG Kompressoren GmbH, a company formed by the previous management team of Alup Kompressoren. Atlas Copco is retaining all non-German Alup subsidiaries and its exporting operations.
“We are pleased to have found a satisfactory solution, both for the local staff as well as for the authorities,” said Ronnie Leten, business area president, Atlas Copco Compressor Technique. “We can now look forward to further integrating the acquired businesses.”
Atlas Copco received conditional approval on Feb. 13 to acquire the Industrial Division of the ABAC Group S.p.A., and the deal was completed on April 2. The businesses now being sold represent less than 10 percent of ABAC’s industrial division’s annual sales on a net basis. The parties have agreed not to disclose the sales price.