July 1, 2019Atlas Copco has acquired a German compressor distributor with a strong focus on service
Stockholm, Sweden, May 3, 2019: Atlas Copco has acquired Bold & Cichos GbR.Besides offering compressors and service the company has specialist knowledge inengineering of air package container solutions. Bold & Cichos Lackier- & Lufttechnik is located in Waldfischbach-Burgalben in the south-west of Germany. The company has around 15 employees.
“We see possibilities to increase our coverage in the region and our knowledge indesigning and manufacturing air package container solutions”, said Vagner Rego, Business Area President Compressor Technique.
The purchase price is not material relative to Atlas Copco’s market capitalization and isnot disclosed.
Atlas Copco has acquired an engine service company in the US
Stockholm, Sweden, May 2, 2019: Atlas Copco has acquired Mid South Engine & Power Systems, LLC. The company is a leading provider of service for off-road engines and spare parts in the US Gulf Coast.
Mid South is based in White Oak, Texas, USA and has 28 employees. The company has a second facility in Fort Worth, also in Texas, and mainly serves the oil and gas market in the US Gulf Coast.
In 2018, the company had a turnover of MUSD 6 (MSEK 54).
“Mid South has a strong reputation and capabilities to repair and refurbish portable compressors and engines”, said Andrew Walker, Business Area President Power Technique. “The acquisition is in line with our strategy to strengthen our service offering and acquiring core competencies”.
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
Mid South Engine & Power Systems, LLC will operationally become part of the Power Technique Service division.