Atlas Copco AB (OM:ATCO A) agreed to acquire Location Thermique Service SAS from Groupe IRD SA (ENXTPA:IRD), Mathieu Godefroy and Laurent Carlier on December 22, 2017. LTS will become part of the Specialty Rental division in Atlas Copco's Power Technique business area. LTS reported an annual revenue of €7.3 million for the year 2016.

The acquisition is expected to be completed in the first quarter 2018. Frédéric Cohen and Alexandre Plas of Cabinet Courtois Lebel acted as legal advisor to Atlas Copco AB. Antoine Denis-Bertin and Clément Tavenard of VAUGHAN Avocats acted as a legal advisor to Groupe IRD SA.