Stockholm, Sweden-based Atlas Copco last week announced that it completed the acquisition of GreenField, based in Pratteln, Switzerland. The company is engaged in high-pressure gas applications, mainly compressed natural gas (CNG) for natural gas vehicles. The annual volume of GreenField is approximately MSEK 270 (about U.S. $38.7 million) and it has around 200 employees.

GreenField designs, manufactures and markets a range of CNG compressors aimed at the natural gas vehicles market. The company has a long history in high-pressure gas compression systems, a solid application knowledge and a well-known brand.

The acquisition, which was announced Feb. 19, includes the business of the companies in the United States, Germany, Argentina, Brazil, Colombia, Venezuela, Canada and Australia.

GreenField will be part of the Oil-free Air division in the Compressor Technique business area. GreenField will continue to be a stand-alone brand, Atlas Copco officials said.

Atlas Copco is a global 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.

Oil-free Air develops, manufactures, and markets oil-free air compressors for all kind of industries worldwide where the air quality is vital, and oil-injected compressors for less critical applications. The divisional headquarters and main production center are located in Antwerp, Belgium.