Atlas Copco Takes Increased Stake in India.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Aug. 23, 2001 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 has increased its share holding in Atlas Copco (India) Ltd from a minority holding to 50.3 percent. Atlas Copco (India) Ltd is a public company, listed on the Mumbai and Pune Stock Exchanges. The increased holding in AC India aims, together with the recent merger of the two Group companies Atlas Copco India and Chicago Pneumatic pneumatic /pneu·mat·ic/ (noo-mat´ik) 1. pertaining to air. 2. respiratory. pneu·mat·ic adj. 1. Of or relating to air or other gases. 2. India, at providing a more solid structure for our current and future operations in India. The Atlas Copco Group is an international industrial company with its head office in Stockholm, Sweden. In 2000, the Group had revenues of $5 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , with 98 percent of revenues outside Sweden, and close to 27,000 employees. Atlas Copco companies develop, manufacture, and market electric and pneumatic tools pneumatic tool (n  măt`ĭk), instrument activated by air pressure. Pneumatic tools are designed around three basic devices: the air cylinder, the vane motor, and the sprayer. , 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. equipment and generators, construction and mining equipment, assembly systems, and offer related service and equipment rental. More information is available on www.atlascopco-group.com. Note to Editors: This press release is also accessible online at www.Waymaker.net. The following files are available for download: http://www.waymaker.net/bitonline/2001/08/23/20010823BIT00580/bit0001.doc http://www.waymaker.net/bitonline/2001/08/23/20010823BIT00580/bit0001.pdf |
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