News : Acquisitions

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Atlas Copco completes acquisition of GIA

1/31/2012 7:00 AM EST  -   Atlas Copco
Stockholm, Sweden, January 31, 2012: Atlas Copco AB has today completed the acquisition of GIA Industri AB in Sweden from Vätterledens Verkstad AB, a subsidiary of Vätterledens Invest AB.
The acquired business has 113 employees and annual revenues of about MSEK 230. With the acquisition, Atlas Copco broadens its offering with products including electric mine trucks, utility vehicles, continuous loaders and...

Atlas Copco enters market for dimension stone drilling equipment

1/12/2012 8:00 AM EST  -   Atlas Copco
Stockholm, Sweden, January 12, 2012: Atlas Copco Italia S.p.A. has acquired Perfora S.p.A., an Italian company that manufactures and sells drilling and cutting equipment for the dimension stone industry, i.e. quarries that produce raw stone blocks.
Perfora is a privately owned company based in Bagnolo, northern Italy. It currently employs 43 people and has annual revenues of about MEUR 10 (MSEK 90). The...

Atlas Copco closes acquisition of Houston Service Industries

1/4/2012 9:00 AM EST  -   Atlas Copco
Stockholm, Sweden, January 4, 2012: Atlas Copco North America LLC has completed the acquisition of Houston Service Industries, Inc., a U.S. manufacturer of low-pressure blowers and vacuum pumps.
Houston Service Industries has annual revenues of about MUSD 37 (MSEK 240) and 123 employees. With its well-known brand HSI, the company has a strong domestic position in equipment for the wastewater treatment and...

Atlas Copco strengthens presence in Colombia

12/23/2011 10:30 AM EST  -   Atlas Copco
Stockholm, Sweden, December 23, 2011: Atlas Copco Colombia Ltda has signed an agreement to take over the sales of drilling equipment and related services from its current distributor Neumatica Del Caribe S.A.
As a result of the acquisition, about 15 employees will join Atlas Copco’s organization in Colombia. Atlas Copco currently has about 140 people in the country, which is an important market for coal mining...

Atlas Copco acquires Chinese compressor business

12/22/2011 2:30 AM EST  -   Atlas Copco
Stockholm, Sweden, December 22, 2011: Atlas Copco (China) Investment Co. Ltd has acquired certain assets of Guangzhou Linghein Compressor Co., Ltd. The acquisition supports Atlas Copco’s profitable expansion in China, adding a brand of industrial air compressors with a strong regional presence.
Linghein, founded in 2001, is located in the city of Guangzhou in South-East China. The company has a turnover of...

Atlas Copco to acquire GIA, broadens offering for mining and tunneling

12/16/2011 3:00 AM EST  -   Atlas Copco
Stockholm, Sweden, December 16, 2011: Atlas Copco AB has agreed to acquire the underground business of GIA Industri AB from Vätterledens Verkstad AB. With the acquisition, Atlas Copco broadens its offering with products including electric mine trucks, utility vehicles and ventilation systems.
GIA Industri AB was founded in 1884 and has been owned by Vätterledens Verkstad AB since 1994. The GIA headquarter and...
Lövhagen Västerås
 

Hemsö purchases a property for SEK 130 m

12/2/2011 2:00 AM EST  -   Kungsleden AB
Through Hemsö, its joint venture with AP3 (the Swedish Third Pension Insurance Fund), listed Swedish property company Kungsleden AB (publ) is purchasing a public property for a total purchase price of approximately SEK 130 m including transaction costs. The initial property yield amounts to 6.8%.
This property is in Västerås, west of Stockholm, and houses a retirement home and local retail centre. Gross...
Täby
 

Hemsö purchases three properties for SEK 52 m

11/24/2011 2:00 AM EST  -   Kungsleden AB
Through Hemsö, its joint venture with AP3 (the Swedish Third Pension Insurance Fund), listed Swedish property company Kungsleden AB (publ) is purchasing three properties for a total purchase price of SEK 52 m excluding transaction costs. The property yield is 6.7%.
This property portfolio consists of a retirement home with an office section, a day centre and sheltered housing with gross leasable area of...

Atlas Copco has completed the acquisition of Seti-Tec

11/21/2011 2:50 AM EST  -   Atlas Copco
Stockholm, Sweden, November 21, 2011: Atlas Copco-owned ETS Georges Renault S.A.S., France, has completed the acquisition of Seti-Tec S.A.S., a French manufacturer of advanced drilling equipment and solutions for the aerospace industry.
Founded in 2005, Seti-Tec is a fast-growing, innovative player in the aerospace industry, with a customer base that includes some of the world’s largest aircraft manufacturers....
Krogslätt
 

Hemsö purchases a public property for SEK 71 m

11/14/2011 2:00 AM EST  -   Kungsleden AB
Through Hemsö, its joint venture with AP3 (the Swedish Third Pension Insurance Fund), listed Swedish property company Kungsleden AB (publ) is purchasing a public property for a total purchase price of SEK 71 m excluding transaction costs. The initial property yield amounts to 7.4%.
The property is in Krokslätt, just south of central Gothenburg. Leasable area is approximately 6,800 sq.m., the majority let to the...