Atlas Copco Buys US Distributor Compressed Air Systems
June 14 2021 - 4:06AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said
Monday that it has acquired the operating assets of Compressed Air
Systems, Inc., a distributor of compressors located in North
Carolina in the U.S.
"North Carolina, South Carolina and Virginia are areas with good
growth potential and the acquisition will enable us to reach our
goal to get closer to customers," said Vagner Rego, president of
Atlas Copco's Compressor Technique unit.
Compressed Air Systems is a privately-owned company and has 30
employees.
The purchase price wasn't disclosed, and Atlas added that it
isn't material relative to the company's market capitalization.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
June 14, 2021 03:59 ET (07:59 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Atlas Copco (PK) (USOTC:ATLKY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Atlas Copco (PK) (USOTC:ATLKY)
Historical Stock Chart
From Sep 2023 to Sep 2024