Nacka, Sweden, July 30, 2020: Atlas Copco has agreed to acquire MEDGAS-Technik GmbH. The company is a manufacturer, distributor, installer and service provider of medical air and medical vacuum systems, pipeline equipment and medical supplies.
MEDGAS is headquartered in Berndroth, Germany, and has 80 employees. The company has branch offices in Germany, Austria and Switzerland.
In 2019 the company had a turnover of approximately MSEK 126 (MEUR12).
"The company's knowledge and product portfolio will strengthen our presence and accelerate our business development within medical gas in Europe," said Vagner Rego, Business Area President Compressor Technique.
The acquisition is expected to be completed during the third quarter of 2020 and is subject to regulatory approvals.
The purchase price is not material relative to Atlas Copco's market capitalization and is not disclosed.
MEDGAS will become part of the Medical Gas Solutions division in the Compressor Technique business area.
For more information please contact:
Sara Liljedal, Media Relations Manager
+46 8 743 8060 or +46 72 144 1038
Daniel Althoff, Vice President Investor Relations
+46 8 743 9597 or +46 76 899 9597
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.
Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries and about 39 000 employees at year-end. Revenues of BSEK 104/BEUR 10 in 2019. www.atlascopcogroup.com (http://www.atlascopco.com)
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