Atlas Copco to acquire German pneumatic tool and workshop equipment provider
Stockholm, Sweden, January 29, 2007: Atlas Copco Holding GmbH has signed an agreement to acquire Rodcraft Beteiligungsgesellschaft mbH, Germany, and all its subsidiary companies. Rodcraft Group of companies had an annual revenue of approximately MSEK 208 (MEUR 23) and 78 employees in 2006. The acquisition is expected to close by the end of the first quarter 2007.
Rodcraft Group, headquartered in Mülheim an der Ruhr, Germany, has been supplying the automotive aftermarket industry for over 25 years with pneumatic tools and workshop equipment. The Rodcraft Group has grown significantly over this period and today it supports a wide distribution network in over 50 countries around the world. See also www.rodcraft.com.
“The acquisition of Rodcraft provides the CP Vehicle Service division with an opportunity to expand with new products into both new and existing customers. It will also dramatically increase our ability to provide workshop equipment and accessories to this sector,” says Fredrik Möller, Business Area President, Atlas Copco Industrial Technique.
This first acquisition for the newly-formed CP Vehicle Service division aims to further strengthen its position as a supplier of tools and associated products to the automotive aftermarket sector.
Rodcraft will be integrated into the CP Vehicle Service division within Atlas Copco’s Industrial Technique business area. It will continue to operate under its current name.