M&A

18 January, 2010

Atlas Copco Acquires Compressor Distributor in Louisiana, USA

Press Release Source: Atlas Copco On Monday January 18, 2010, 4:16 am EST

STOCKHOLM--(BUSINESS WIRE)--Atlas Copco Compressors LLC, USA, has purchased the compressor division of Premier Equipment Corporation, Inc. Premier Equipment has been a successful Atlas Copco compressor distributor for many years, serving the state of Louisiana.

"The acquisition brings us closer to our customers in the region, letting us build on the strong base that Premier Equipment has developed in key segments," says Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique.

The compressor division of Premier Equipment Corporation, Inc. will be incorporated into the Southern Region of Atlas Copco Compressors in the United States and the non compressor side, selling mainly pumps and process equipment, will continue to trade as Premier Equipment Corporation, Inc.

Premier Equipment, based in Baton Rouge, has a well developed customer base and market presence in the Louisiana territory. Economic activity in the territory is driven largely by chemical and petrochemical refining, off shore oil services, ship building (workboats), general industry, and engineering services for the oil and gas sector.

Twelve employees will join Atlas Copco from Premier Equipment as a result of the acquisition. The parties have agreed not to disclose the purchase price.

Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 136 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 160 markets. In 2008, Atlas Copco had 34 000 employees and revenues of BSEK 74 (BEUR 7.7). Learn more at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.atlascopco.com&esheet=6145212&lan=en_US&anchor=www.atlascopco.com&index=1&md5=42346489e02c48074b9f434442e1f2d9.

Atlas Copco's Compressor Technique business area develops, manufactures, markets, and services oil-free and oil-injected stationary air compressors, portable air compressors, gas and process compressors, turbo expanders, electric power generators, air treatment equipment and air management systems. It also offers specialty rental services. It innovates for superior productivity in applications such as manufacturing, construction, and the process industry worldwide. Principal product development and main manufacturing units are in Antwerp, Belgium. More information is available on http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.atlascopco.com&esheet=6145212&lan=en_US&anchor=www.atlascopco.com&index=2&md5=3283cb9007e81d9153d2a5086582ded3.

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