Atlas Copco To Acquire German Pneumatic Tool and Workshop Equipment Provider.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. Holding GmbH (STO: ATCPA ATCPA Against Trusted Computing Platform Alliance ) ( STO: ATCOB) has signed an agreement to acquire Rodcraft Beteiligungsgesellschaft mbH, Germany, and all its subsidiary companies. Rodcraft Group of companies had an annual revenue of approximately MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 208 (MEUR MEUR Million Euros 23) and 78 employees in 2006. The acquisition is expected to close by the end of the first quarter 2007. Rodcraft Group, headquartered in Mulheim an der Ruhr, Germany, has been supplying the automotive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. industry for over 25 years with 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. and workshop equipment. The Rodcraft Group has grown significantly over this period and today it supports a wide distribution network in over 50 countries around the world. See also www.rodcraft.com. "The acquisition of Rodcraft provides the CP Vehicle Service division with an opportunity to expand with new products into both new and existing customers. It will also dramatically increase our ability to provide workshop equipment and accessories to this sector," says Fredrik Moller, Business Area President, Atlas Copco Industrial Technique. This first acquisition for the newly-formed CP Vehicle Service division aims to further strengthen its position as a supplier of tools and associated products In the context of fuels and lubricants, a petroleum or chemical product used as a hydraulic fluid, corrosion preventive, liquid propellant, or specialized product, required for the operation, maintenance, or storage of military equipment. to the automotive aftermarket sector. Rodcraft will be integrated into the CP Vehicle Service division within Atlas Copco's Industrial Technique business area. It will continue to operate under its current name. 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 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 2005, Atlas Copco had 27 000 employees and revenues of BSEK 53 (MEUR 5 600). Learn more at www.atlascopco.com. CP Vehicle Service is a division within Atlas Copco's Industrial Technique business area. It markets power tools and solutions primarily to tire, engine repair, and body shops, as well as sophisticated wheel tightening solutions for the vehicle service aftermarket worldwide. The division is headquartered in Nantes, France. More information is available on www.cp.com. This information was brought to you by Waymaker http://www.waymaker.net |
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