Atlas Copco has Acquired Swedish Compressed Air Distributor.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) has acquired BEMT BEMT Basic Electronics Maintenance Trainer BEMT Bureau of Health Professions Education and Manpower Training Tryckluft AB, Sweden, and its subsidiary companies in Lithuania and Latvia. The company has a turnover of approximately MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 50 (MEUR MEUR Million Euros 5.5) and 40 employees. BEMT Tryckluft AB, based in Malmo, Sweden, has been active in compressors and 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 for over 20 years. It is an important distributor on the Swedish compressed air market and is especially strong in the southern part of Sweden. The company is also active in the Baltic States Baltic states, the countries of Estonia, Latvia, and Lithuania, bordering on the eastern coast of the Baltic Sea. Formed in 1918, they remained independent republics until their involuntary incorporation in 1940 into the USSR. They regained their independence in Sept. under the name Baltair. BEMT Tryckluft AB is a stable, profitable company. Its aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. team has extensive knowledge and logistics channels for servicing many different compressor brands. "The acquisition is in line with Atlas Copco's multi-brand strategy. Through the acquisition we will be able to offer our Swedish customers a wider and more complete range of industrial compressed air equipment," says Ronnie Leten, Business Area President, Atlas Copco Compressor Technique. BEMT Tryckluft AB will be part of Atlas Copco Compressor Technique's Industrial Air division. BEMT will represent the Ceccato brand. Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air 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. Industrial Air is a division within Atlas Copco's Compressor Technique business area. It develops, manufactures and markets oil-injected and oil-free air compressors and Quality Air solutions worldwide, under several brands, for all kinds of industries. The division focuses on professional service, air monitoring and connectivity solutions to further improve customers' productivity. The divisional headquarters and main production center are located in Antwerp, Belgium. This information was brought to you by Waymaker http://www.waymaker.net |
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