Atlas Copco completes acquisition of Edwards Group
Stockholm, Sweden, January 9, 2014: Atlas Copco, a leading provider of sustainable productivity solutions, has closed the acquisition of Edwards Group Ltd., headquartered in the United Kingdom.
Following the acquisition Edwards will be delisted from the NASDAQ stock exchange.
Atlas Copco has initially paid Edwards shareholders USD 9.25 per share. Once Edwards’s audited 2013 income statement is final, an additional payment of up to USD 1.25 per share will be made, corresponding to a maximum total of USD 10.50 per share.
Edwards’s 2013 income statement is estimated to be ready before the end of the first quarter of 2014.
The acquired business is now part of Atlas Copco’s new Vacuum Solutions division in the Compressor Technique business area. For more details, please see Atlas Copco’s press release issued on August 19, 2013.
For further information please contact:
- Mattias Olsson, Vice President Investor Relations +46 (0)8 743 8295 or +46 (0)72 729 8295 firstname.lastname@example.org
- Ola Kinnander, Media Relations Manager +46 (0)8 743 8060 or +46 (0)70 347 2455 email@example.com
Atlas Copco’s Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. It has a global service network and offers specialty rental services. Compressor Technique innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.