Atlas Copco Strengthens Its Presence in the Balkans.STOCKHOLM, Sweden -- Regulatory News: 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. (STO:ATCOA) (STO:ATCOB) is opening two new customer centers in Croatia and Bosnia-Herzegovina through the acquisition of three construction and mining equipment distributors, to support the fast growth in the region. The opening of the new customer centers will be October 1, 2007. The new customer center in Croatia, which is created through acquiring the assets of Scandkop d.o.o. and Teracop d.o.o., will have its headquarters in Zagreb. The Bosnia-Herzegovina customer center will be opened following the purchase of AC Oprema, based in Sarajevo. "These acquisitions will provide us direct access to an important region where we previously haven't had any sales presence of our own," says Bjorn Rosengren, President, Atlas Copco Construction and Mining Technique. "They will present good opportunities for growth, particularly in the construction industry as there is great focus on infrastructure development in the area." Scandkop has supplied drilling equipment and consumables for Atlas Copco since 1993, while Teracop is a distributor for the Construction Tools division since 1992. AC Oprema is a former Scandkop branch office. The acquired businesses have a total of 22 employees. Atlas Atlas, in Greek mythology Atlas (ăt`ləs), in Greek mythology, a Titan; son of Iapetus and Clymene and the brother of Prometheus. Copco's existing sales organization in the region, which includes a customer center for the Compressor compressor, machine that decreases the volume of air or other gas by the application of pressure. Compressor types range from the simple hand pump and the piston-equipped compressor used to inflate tires to machines that use a rotating, bladed element to achieve Technique business area in Croatia, will not be affected by the transactions. 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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