Specialty power rental company in New Zealand has become part of Atlas Copco Group

Nacka, Sweden, September 3, 2024: The acquisition of Generator Rental Services Limited (“GRS”), a company providing specialty power rental solutions, has been completed.

GRS, which is headquartered in Auckland, was founded in 1997. The company provides specialty power and temperature control equipment, and the main customer groups can be found within power utility, general industry, and civil construction. The company has 58 employees and revenues of 23 MEUR (263 MSEK*) during the last fiscal year.

The purchase price is not disclosed.

The business has become part of the Specialty Rental division within the Power Technique Business Area.

*Based on the average exchange rate in 2023.

For more information please contact:

Christina Malmberg Hägerstrand, Media Relations Manager
+46 72 855 93 29
media@atlascopco.com

Daniel Althoff, Vice President Investor Relations
+46 76 899 9597
ir@atlascopco.com

About Atlas Copco Group:

Atlas Copco Group enables technology that transforms the future. We innovate to develop products, services and solutions that are key to our customers’ success. Our four business areas offer compressed air and vacuum solutions, energy solutions, dewatering and industrial pumps, industrial power tools and assembly and machine vision solutions. In 2023, the Group had revenues of BSEK 173, and at year end about 53 000 employees. www.atlascopcogroup.com