STOCKHOLM, Sweden — Atlas Copco (STO:ATCOA)(STO:ATCOB), a leading provider of industrial productivity solutions, has acquired the compressor distribution and service business from the Lancaster Group in New Zealand. The acquired businesses are those of Ash Air (NZ) Ltd., Fox Air NZ Ltd., MBAR 2011 Ltd. and Ash Air Oil & Gas Ltd.
The businesses, located throughout New Zealand, had combined revenues in fiscal year 2013 of approximately MNZD 30 (MSEK 162) and around 120 employees. The businesses provide high-quality sales and service of industrial compressors and related equipment to a broad range of customers in the region.
“By acquiring this group of high-quality distributors we will further expand and strengthen our presence in New Zealand”, said Nico Delvaux, President of Atlas Copco’s Compressor Technique business area. “These businesses will complement our existing organization well and will serve as a strong base for further growth.”
The businesses will be part of the Compressor Technique business area.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees. Learn more at www.atlascopco.com.
Atlas Copco’s Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.
On Tuesday, Atlas Copco also appointed Andrew Walker to be President of the Construction Technique business area and member of Group management, effective September 15, 2014. Walker is currently President of the Service division in the Compressor Technique business area.
