Atlas Copco to acquire U.S. based Quincy Compressor
Stockholm, Sweden, December 18, 2009: Atlas Copco has agreed to acquire Quincy Compressor from EnPro Industries, Inc. for approximately MUSD 190 (BSEK 1.4). The acquisition supports Atlas Copco’s profitable growth in North America and China, adding a strong brand and an extensive distributor network. The acquisition is subject to regulatory approvals.Quincy Compressor had revenues in 2008 of MUSD 174 (BSEK 1.3), with an operating profit margin of about 15%, and has approximately 400 employees. It designs and manufactures reciprocating compressors, rotary screw compressors and vacuum pumps,