Atlas Copco : acquires Danish compressed air specialist
September 04, 2018 at 02:44 am EDT
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September 4, 2018
Stockholm, Sweden, September 4, 2018: Atlas Copco, a leading provider of sustainable productivity solutions, has acquired Reno A/S, a manufacturer and distributor of compressed air solutions. The company has a large equipment distribution and aftermarket network, and operates in several segments of the compressed air business.
Reno front building
Reno has four locations in Denmark and offers industrial and professional solutions to the Danish industry. In 2017 the company, with approximately 60 employees, had a turnover of around MDKK 120 (MSEK 153).
'Reno has a strong brand name and a strong sales and service network, said Vagner Rego, Business Area President, Compressor Technique. 'The acquisition will allow our customers to benefit from an increased service presence in the region'.
The purchase price is not material relative to Atlas Copco's market capitalization and is not disclosed.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers through its innovative compressors, vacuum solutions, generators, pumps, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2017, Atlas Copco (excluding Epiroc AB) had revenues of BSEK 86 (BEUR 9) and about 34 000 employees. Learn more at www.atlascopcogroup.com.
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Atlas Copco AB published this content on 04 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 September 2018 06:41:03 UTC
Atlas Copco AB is one of the world's leading industrial groups. Net sales break down by family of products as follows:
- air and gas compressors and electrical generators (68.1%). The group also sells compressed air treatment equipment (filters, dryers, coolers, air tanks);
- industrial machine tools (16.4%): grinders, punches, impact tools, drills, threaders, pneumatic assembly tools, power drivers, etc.;
- construction, drilling, and demolition equipment (15.5%): pneumatic and hydraulic rock breakers, drill hammers, drilling motors, mine carts, upward boring machines, etc.
Net sales are distributed geographically as follows: Sweden (1.3%), Europe (26.8%), Asia and Oceania (36.5%), North America (26.7%), Africa and Middle East (4.7%) and South America (4%).
ATLAS COPCO AB 
