Atlas Copco completes acquisition of Canadian manufacturer of drilling consumables

Stockholm, Sweden, May 8, 2006: Atlas Copco Canada Inc. has acquired the global operations of Team Manufacturing, known as Thiessen Team Mining Products, from Thiessen Equipment Ltd, Canada. Thiessen Team has annual revenues of approximately MSEK 160 (MEUR 17) and 142 employees.

Thiessen Team is a leading manufacturer of consumables for rotary drilling and raise boring. The company has its head office and manufacturing facilities in Langley (Vancouver), Canada. The company also has manufacturing facilities, sales offices and distributors/agents in several countries. The acquisition brings with it products that complement Atlas Copco Secoroc’s existing range of drilling consumables. It fits in with Atlas Copco Construction and Mining Technique business area’s strategy of offering a more complete product assortment to surface mining and raise boring markets and of increasing revenues through consumables sales. The acquired business will become part of the Secoroc division within the Atlas Copco Construction and Mining Technique business area. It will operate under the Atlas Copco brand.