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Swedish industrial manufacturer Atlas Copco (STO:ATCOA) (STO:ATCOB) Tools & Assembly Systems LLC has agreed to acquire the sales and marketing operation of its tool distributor Kramer Air Tool Inc. based in Michigan.
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“We are very pleased to integrate the Kramer distributor network into Atlas Copco sales organization and thereby offer our customers an even wider range of sophisticated products, services and accessories. This will bring us closer to our customers,” says Mats Rahmström, business area president for Atlas Copco Industrial Technique.
Kramer was founded in 1984 and has been an Atlas Copco distributor for Michigan since 1999 for tools and related services to the motor vehicle and general industries. Its headquarters is in Farmington Hills. Kramer employs around 50 people and in 2009 it had revenues of $17 million.
The agreement gives Atlas Copco the rights to sales and service of Atlas Copco’s industrial tools in the state of Michigan. Customers will be transferred to Atlas Copco’s Customer Center in Michigan.