Atlas Copco Buys UK Air-Compressor Supplier
June 24 2021 - 4:09AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said
Thursday that it has acquired U.K.-based Airflow Compressors &
Pneumatics Ltd (Airflow) for an undisclosed price.
Airflow is a privately-owned company and has 16 employees,
serving mainly industrial and service companies active in the North
West of England.
"This acquisition will enable us to increase the footprint of
our brand portfolio products and to develop the business further in
the industrial hubs of Liverpool and Manchester," said Vagner Rego,
Atlas Copco's Compressor Technique unit president.
The purchase price is not material relative to Atlas Copco's
market capitalization and the company will become part of the
service division within the Compressor Technique Business Area, it
said.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
June 24, 2021 03:54 ET (07:54 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Atlas Copco (PK) (USOTC:ATLKY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Atlas Copco (PK) (USOTC:ATLKY)
Historical Stock Chart
From Apr 2023 to Apr 2024
