Swedish manufacturer Atlas Copco has acquired Ovity Air Comprimé, a French distributor of industrial air compressors and solutions for compressed air.
Financial terms of the deal were not disclosed, but Atlas Copco said the purchase price is not material relative to Atlas Copco’s market capitalization.
The company will become part of the service division within Atlas Copco’s Compressor Technique business area.
Ovity Air Comprimé is located in Le Mans in the Loire Valley in France and has eight employees.
“The acquisition will open up opportunities to further develop our presence in the area and grow our service offering in the north west of France,” said Vagner Rego, business area president, Compressor Technique.