Atlas Copco Group has today (7th February) confirmed its acquisition of Ace Air, a Northern Ireland-based compressed air systems specialist.
Founded in 2011, Ace Air has around eight employees that serve its customer base of industrial and service businesses in the local area.
Now part of Atlas Copco, Ace Air joined the service division within the Compressor Technique business area.
Vagner Rego, President of the Compressor Technique business area, said, “Ace Air has a strong market presence in Northern Ireland, and this acquisition will enable us to further develop the reach of our products from our ALUP Kompressoren.”
Ace Air is the second company this year to join the Compressor Technique business area. In January (2024), Atlas Copco also announced the purchase of US-based Hycomp, a high-pressure, oil-free compressor and booster manufacturer.
The company has also confirmed that, as of May 2024, Vagner Rego, the current President of the Compressor Technique business area, will become President and CEO of the Group.
Rego will replace Mats Rahmström, who has been leading the company since 2017.
European CO2 Summit 2024
An adage that captures the great CO2 paradox in one succinct sentence. Yet this paradox in carbon dioxide availability and sourcing is being challenged. How we see CO2 is changing.
CO2 is shifting from by-product and waste disposal to an integral circular value chain in its own right, but is it moving quick enough?
We know that sourcing has to change. We know the CO2 supply chain in Europe is fraught with instability and vulnerability; at the same time, demand continues to grow. We know that decarbonisation brings opportunities, but it could also present threats if invaluable CO2 is taken off the table and lost.
The clock is ticking, which begs the question, if CO2 is there to be captured and the proven technology exists to do that, what needs to happen next?
Join gasworld in Austria in February as we turn the attention to what comes next and an action plan for the CO2 business of tomorrow, at the Europe CO2 Summit 2024.
To attend, sponsor and for more information, visit https://bit.ly/GWCO2EU-S24