Atlas Copco acquires compressor business in New Zealand
Stockholm, Sweden, September 3, 2014: Atlas Copco, a leading provider of industrial productivity solutions, has acquired the compressor distribution and service business from the Lancaster Group in New Zealand. The acquired businesses are those of Ash Air (NZ) Ltd., Fox Air NZ Ltd., MBAR 2011 Ltd. and Ash Air Oil & Gas Ltd.The businesses, located throughout New Zealand, had combined revenues in fiscal year 2013 of approximately MNZD 30 (MSEK 162) and around 120 employees. The businesses provide high-quality sales and service of industrial compressors and related equipment to a broad range