Atlas Copco acquires Chinese compressor business
Stockholm, Sweden, December 22, 2011: Atlas Copco (China) Investment Co. Ltd has acquired certain assets of Guangzhou Linghein Compressor Co., Ltd. The acquisition supports Atlas Copco’s profitable expansion in China, adding a brand of industrial air compressors with a strong regional presence.
Linghein, founded in 2001, is located in the city of Guangzhou in South-East China. The company has a turnover of approximately MCNY 110 (MSEK 100) and 160 employees. The company primarily designs and produces small and medium-sized oil-injected rotary screw compressors. It has over the years established a solid organization with sales and service representation in various regions over China and a strong distributor network.
“We want to further increase our presence in China and Linghein has a strong regional brand in a dense industrial province,” said Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique. “Linghein has a good reputation in its customer base and complements our current brand portfolio very well.”
The acquired business will become part of Compressor Technique’s Industrial Air division. It will continue to operate under its own brand, in line with the Atlas Copco Group’s well established brand portfolio strategy. More information about Linghein can be found on www.linghein.com.
For further information please contact:
Stephan Kuhn, Business Area President, Compressor Technique
+32 (0)3 870 2938 or +32 (0)474 881 154
Daniel Frykholm, Media Relations Manager
+46 (0)8 743 8060 or +46 (0)70 865 8060
Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2010, Atlas Copco had 33 000 employees and revenues of BSEK 70 (BEUR 7.3). Learn more at www.atlascopco.com.
Atlas Copco’s Compressor Technique business area provides industrial compressors, gas and process compressors and expanders, air and gas treatment equipment and air management systems. It has a global service network and offers specialty rental services. Compressor Technique innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.
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