Atlas Copco Closes Acquisition of Dynapac.STOCKHOLM, Sweden -- Atlas Copco Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment. The Atlas Copco Group, founded already in 1873, is a global industrial group of companies headquartered in Stockholm, Sweden. AB (STO:ATCOA) (STO:ATCOB) today completed the purchase of Dynapac AB, a leading supplier of compaction and paving equipment for the road construction market. The agreement with Altor Equity Partners to acquire Dynapac was first announced on Feb. 5 and has now received approval from all relevant authorities. Dynapac, which had sales in 2006 of approximately BSEK 4.6 (MEUR MEUR Million Euros 505) and 2,100 employees, will operate as a separate division, Atlas Copco Road Construction Equipment, within the Construction and Mining Technique business area. Claes Ahrengart has been appointed President of the newly formed division and will begin in his new position immediately. He has previously been President of Atlas Copco's Construction Tools division. Dynapac's former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Ronald Kok, will be a board member of the Road Construction Equipment division. The acquisition of Dynapac, which has production sites in six countries and sales in over 115 countries, will give Atlas Copco additional products and sales channels to grow in the expanding road construction market, particularly in nations such as China and India. Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors. and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. and rental. In close cooperation with customers and business partners, and with more than 130 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 150 markets. In 2006, Atlas Copco had 25,900 employees and revenues of BSEK 51 (BEUR 5.6). Learn more at www.atlascopco.com. Atlas Copco's Construction and Mining Technique business area develops, manufactures, markets and services rock drilling tools, construction and demolition tools, drill rigs and equipment. It innovates for superior productivity in for surface and underground rock excavation excavation In archaeology, the exposure, recording, and recovery of buried material remains. The techniques employed vary by the type of site, but all forms of archaeological excavation require great skill and careful preparation. , exploration drilling, rock reinforcement reinforcement /re·in·force·ment/ (-in-fors´ment) in behavioral science, the presentation of a stimulus following a response that increases the frequency of subsequent responses, whether positive to desirable events, or , ground engineering, water well, oil and gas drilling worldwide. The business area has its principal product development and main manufacturing units in Sweden and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . More information is available on www.atlascopco.com. This information was brought to you by Cision http://newsroom.cision.com |
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