Swedish manufacturer Atlas Copco has acquired the operating assets of Roxel Rental AS, a supplier of temporary air solutions for the Norwegian offshore industry based in Stavanger, Norway. Financial terms were not disclosed.
Roxel Rental, part of the Roxel Group, reported revenues in 2015 of MNOK 12 (US$1.4 million). Two employees will join Atlas Copco.
The Roxel Rental fleet consists of diesel and electric-powered compressors that are rented out to oil and gas companies for exploration, production, transportation and storage.
“The acquisition will strengthen our position in the Norwegian offshore market,” said Andrew Walker, president of Atlas Copco’s Construction Technique business area. “It will allow us to support our North Sea customers by offering our specialty rental services from Norway.”
The business joins the specialty rental division in Atlas Copco’s Construction Technique business area.