The 2020 Mid-Year Economic Update_long

Atlas Copco Agrees to Buy National Pump & Compressor’s Air Compressor Business

U.S.-based Quincy Compressor, an Atlas Copco subsidiary, will open a new store to service Quincy products in the region.

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.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.