Atlas Copco’s (STO:ATCOA) (STO:ATCOB) U.S.-based Quincy Compressor LLC has agreed to acquire National Pump & Compressor’s air compressor business in Illinois.
Quincy will open a new company store that will serve as a base for the sale and servicing of Quincy’s products in the Illinois region. The business being purchased has distributed Quincy products for more than 60 years.
“Quincy Compressor has built great customer relationships, and we intend to build on the work done by National Pump & Compressor by further increasing our market presence and developing the service business,” said Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique.
About 45 employees will join Quincy Compressor through this acquisition, which is expected to close before the end of April 2013.
Atlas Copco is an industrial group with positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. The company is in more than 170 countries. In 2012, Atlas Copco had revenues of BSEK 90.5 (BEUR 10.5).
Atlas Copco’s Compressor Technique business provides industrial compressors, gas and process compressors and expanders, air and gas treatment equipment and air management systems.
Quincy Compressor is a designer and manufacturer of reciprocating and rotary screw air compressors, vacuum pumps and air treatment components.