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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 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 makes strategic acquisition to expand in low pressure equipment

12/15/2011 9:00 AM EST  -   Atlas Copco
Stockholm, Sweden, December 15, 2011: Atlas Copco North America LLC has agreed to acquire Houston Service Industries, Inc., a U.S. manufacturer of low-pressure blowers and vacuum pumps. The company has a strong domestic position in equipment for the wastewater treatment and industrial process sectors, offering sales synergies with Atlas Copco’s existing products in these market segments.

Atlas Copco builds new compressor factory in China

11/9/2011 3:00 AM EST  -   Atlas Copco
Stockholm, Sweden, November 9, 2011: Atlas Copco this week begins construction of a new manufacturing facility for compressors in Wuxi, China, to meet the growing demand for compressors from the Chinese and other Asian markets.
The investment of approximately MSEK 150 includes the construction of a new compressor assembly factory, a test lab and a center for research and development. The new factory and the...

Atlas Copco acquires compressor distribution in Southeastern USA

5/31/2011 11:15 AM EST  -   Atlas Copco
Stockholm, Sweden, May 31, 2011: Atlas Copco Compressors LLC has purchased assets related to the compressor business of the Tencarva Machinery Company, a distributor of Atlas Copco products for many years. The acquired business operates in Tennessee, Virginia, Mississippi, Maryland and Delaware.
“This acquisition supports the development of our aftermarket business and brings us closer to customers in an...

Atlas Copco invests in Indian expansion

5/13/2011 3:00 AM EST  -   Atlas Copco
Stockholm, Sweden, May 13, 2011: Atlas Copco has decided to build a new compressor manufacturing facility near Pune, India, to meet an anticipated strong growth in demand over the coming years. The investment of about MSEK 160 will also serve to broaden the product offering to customers in India.
Atlas Copco (India) Limited in April signed an agreement to acquire a plot of land near Pune, where building of the...

Atlas Copco presents marketing and innovation awards

4/6/2011 2:30 AM EST  -   Atlas Copco
Stockholm, Sweden, April 6, 2011: Atlas Copco will at the Annual General Meeting on April 20 present two awards: one for the development of a pick hammer with dramatically reduced vibration levels and one for the introduction of a new strategy to further increase customer satisfaction related to compressor service.
“The winners of these awards have made important contributions to two of Atlas Copco’s top...

Atlas Copco completes J.C. Carter acquisition

3/7/2011 11:00 AM EST  -   Atlas Copco
Stockholm, Sweden, March 7, 2011: Atlas Copco Mafi-Trench LLC, USA, has completed the acquisition of the pump business of J.C. Carter LLC, headquartered in California, USA.
J.C. Carter is a leading producer of cryogenic submerged motor pumps, which have many applications in the growing natural gas market. The company’s products are primarily used in liquid natural gas regasification and liquefaction plants, and...

The Board of Directors’ proposal for a redemption procedure

2/2/2011 8:24 AM EST  -   Atlas Copco
Stockholm, Sweden, February 2, 2011: The financial position of Atlas Copco is strong and therefore the Board of Directors proposes to the Annual General Meeting a redemption procedure.
Atlas Copco has generated significant cash flows both during the financial crisis and during the fast growth of 2010. Without jeopardizing the capacity to finance further growth, the Board of Directors proposes to the Annual...

Ronnie Leten comments on Atlas Copco’s Q4 results

2/2/2011 6:20 AM EST  -   Atlas Copco
Stockholm, Sweden, February 2, 2011: Atlas Copco today reported record profits and continued order growth in the fourth quarter report. All three business areas achieved strong results and operating margins above 20%.
Order intake increased 27% to MSEK 19 374 (15 276), an organic growth of 28%. Revenues increased 22% to MSEK 19 401 (15 942) and operating profit increased to a new record of MSEK 4 007,...