By Molly Burgess2019-10-18T08:37:00+01:00
Atlas Copco has acquired the assets of Accurate Air Engineering and Compressed Air of California.
The two sister companies are located south of Los Angeles, California, and have a sales and service network covering the majority of the state. Together the companies have 52 employees.
“This acquisition will complement our existing footprint in the region,” said Vagner Rego, Business Area President of Compressor Technique.
“The companies have a strong reputation of being agile and staying close to the customer base.”
The business acquired from Accurate Air Engineering and Compressed Air of California will operationally become part of the Compressor Technique service division.
The purchase price was not disclosed.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 6.4% p.a. in a low scenario to 10.1% p.a. in a high scenario. Accordingly, the industry in the UAE is expected to achieve revenues of between $526m to $625m by 2023.
Atlas Copco has acquired Mid South Engine & Power Systems, LLC., a provider of service for off-road engines and spare parts in the US Gulf Coast.
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