STOCKHOLM, Sweden, March 21, 2005 (PRIMEZONE) -- Atlas Copco AB has acquired BIAB Tryckluft AB, based in Sweden. It has a turnover of approximately MSEK 15 and eight employees. The purchase price was not disclosed.
BIAB Tryckluft AB is a distributor of compressors and compressed air equipment in Sweden. The company has been in the Swedish market for more than 50 years and represents some of the leading suppliers of compressed air equipment. BIAB will represent the Ceccato business of the Industrial Air division within the Atlas Copco Compressor Technique business area.
"The acquisition is in line with our 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 Bengt Kvarnback, Business Area Executive, Atlas Copco Compressor Technique.
For further information please contact: Bengt Kvarnback, Business Area Executive, Compressor Technique + 32 3 870 21 10
Joanna Canton, Media Relations Manager, Group Communications +44 (0)1442 222312 or +44 (0)7971 650115
Atlas Copco is an international industrial Group with its head office in Stockholm, Sweden. In 2004, the Group had revenues of approximately BSEK 49, with 98% of revenues outside Sweden, and more than 25 000 employees. The Group produces and markets compressed air equipment and generators, construction and mining equipment, industrial tools, and assembly systems and offers related service and equipment rental. The Atlas Copco Group includes famous brands such as Atlas Copco, RSC Equipment Rental, and CP. More information can be found on atlascopco.com.
Industrial Air is a division within the business area Compressor Technique of the Atlas Copco Group with the main production centre located in Antwerp, Belgium. The division develops, manufactures and markets worldwide a vast range of oil injected and oil-free air compressors and Quality Air Solutions used in all kinds of industries. Professional aftermarket support and air monitoring are equally part of the added value product offer. By nature and innovative design Industrial Air provides increased customer value and cares for the environment. More information is available on atlascopco.com.
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