Atlas Copco acquires remaining shares in Chinese drill bit maker Wuxi-Hobic

Atlas Copco acquires remaining shares in Chinese drill bit maker Wuxi-Hobic

Stockholm, Sweden, June 11, 2007: Atlas Copco has acquired the remaining 40% of
shares in Wuxi-Hobic Diamond Bit Co Ltd, China, from its current joint
venture-partner, after receiving approval from the Chinese authorities.

Wuxi-Hobic is a Chinese manufacturer of diamond drilling tools for the mineral
exploration markets. With the acquisition, Atlas Copco will get a stronger
position in the Chinese region, and create a platform for further development of
the Wuxi factory.

“China remains one of the most interesting regions in the world, and with
historically high minerals prices, the global exploration market is expected to
continue growing,” says Björn Rosengren, Business Area President, Atlas Copco
Construction and Mining Technique. “Full ownership of Wuxi-Hobic will enable us
to enforce our position in this market, but also support our capacity for
exploration consumables on a global basis.”

Atlas Copco's Geotechnical Drilling and Exploration division has production
facilities for similar products in Sweden, Canada and South Africa, and will
with this acquisition be able to benefit from increased cooperation between the
units.  

Wuxi-Hobic is being converted into a 100% Wholly Foreign Owned Enterprise
(WFOE), owned by Atlas Copco (China) Investment Co. Ltd. The new company name
will be Atlas Copco (Wuxi) Exploration Equipment Ltd. The acquired company had
total revenues of MSEK 20 in 2006. The parties have agreed not to disclose the
purchase price. 


For further information please contact:
Björn Rosengren, Business Area President, Construction and Mining Technique
+46 (0)8 743 8314 or +46 (0)70 417 8502
Daniel Frykholm, Media Relations Manager 
+46 (0)8 743 8060 or +46 (0)70 865 8060

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 2006, Atlas Copco had 25
900 employees and revenues of BSEK 51 (BEUR 5.6). Learn more at
www.atlascopco.com.