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Atlas Copco — M&A Activity 2009
Apr 1, 2009
2883_rns_2009-04-01_6fb9bd1e-b0c0-4676-a088-b32475dda68b.pdf
M&A Activity
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Press Release from the Atlas Copco Group
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 takes full ownership in Focus and Prisma in India
Stockholm, Sweden, April 1, 2009: Atlas Copco (India) Ltd has exercised an option to buy the remaining 75% of shares in Focus Rocbit Pvt Ltd and Prisma Roctools Pvt Ltd. The acquisitions strengthen the Group's position in the market for drill bits and hammers.
Atlas Copco acquired 25% of the companies in April 2008. Focus is a manufacturer of bits for rotary drilling and Prisma makes bits and hammers for down-the-hole drilling.
"Focus and Prisma have shown a satisfactory development during the past year. It is with pleasure we now welcome their employees to the Atlas Copco Group and we look forward to serving Focus and Prisma's customers," says Björn Rosengren, President of Atlas Copco's Construction and Mining Technique business area.
The companies, which had combined revenues of MSEK 93 in the 2008/9 financial year and 104 employees, are integrated with Atlas Copco's Secoroc division as of April 1, 2009. The parties have agreed not to disclose the purchase price.
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
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 136 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 160 markets. In 2008, Atlas Copco had 34 000 employees and revenues of BSEK 74 (BEUR 7.7). Learn more at www.atlascopco.com.
Atlas Copco Secoroc is a division within Atlas Copco's Construction and Mining Technique business area. It develops, manufactures and markets rock drilling tools worldwide. Its products are used for rock excavation within the mining and construction business for both surface and underground applications. The division is headquartered in Fagersta, Sweden and has production in six continents.
Atlas Copco Group Center
Atlas Copco AB Visitors address: Telephone: +46 (0)8 743 8000 A Public Company (publ) SE-105 23 Stockholm Sickla Industriväg 3 Telefax: +46 (0)8 644 9045 Reg. No: 556014-2720 Sweden Nacka www.atlascopco.com Reg. Office Nacka