Atlas Copco purchases Canadian air-compressor distributor
Air Repair Sales and Services is based in Moncton, New Brunswick, Canada, and has 12 employees. It was privately owned. As an authorized Atlas Copco distributor, it sells and services air-treatment systems and industrial air compressors. Now the company will be known as a branch of Atlas Copco Compressors Canada as well as the Compressor Technique Service division.
Neither party disclosed the price of the acquisition.
“This acquisition fits us nicely, as it enhances our access to the market in eastern Canada,” Nico Delvaux, president of Atlas Copco’s Compressor Technique business area, said. “It gives us an opportunity to expand our regional coverage through an experienced and well-trained staff that serves a loyal customer base.”
Atlas Copco and its subsidiaries provide customers with innovative vacuum solutions, compressors, air-treatment systems, mining equipment, construction equipment, assembly systems and power tools. Originally established in 1873, the company is based in Stockholm and serves over 180 countries, through over 44,000 employees. Its main product creation and production units are based in the U.S., Belgium, South Korea, China, the U.K., Germany and Italy.