Stockholm, Sweden - Atlas Copco has agreed to acquire Ehrler and Beck GmbH. The company is a distributor of vacuum equipment and vacuum services.
Ehrler and Beck is based in Renningen, Germany and has 15 employees. The company's sales and service network is active in Germany and neighboring countries.
'This acquisition will increase our possibilities to serve Germany and neighboring countries with industrial vacuum products and services,' said Geert Follens, Business Area President Vacuum Technique. 'Ehrler and Beck has a strong reputation and long tradition of serving diverse industrial markets such as packaging, printing, wood working, plastic and water treatment.'
The purchase price is not material relative to Atlas Copco's market capitalization and is not disclosed.
The acquired business will operationally become part of the Industrial Vacuum Division within the Vacuum Technique Business Area.
The acquisition is expected to close in January 2021.
For more information please contact:
Daniel Althoff, Vice President Investor Relations
+46 8 743 9597 or +46 76 899 9597
Sara Liljedal, Media Relations Manager
+46 8 743 8060 or +46 72 144 1038
Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.
In 2019, Atlas Copco had revenues of BSEK104 (BEUR 10) and at year end about 39 000 employees.
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