Atlas Copco, a leading provider of sustainable productivity solutions, has closed the acquisition of Edwards Group Ltd., headquartered in the United Kingdom.
Edwards is a technology and market leader in sophisticated vacuum products and abatement solutions. The products and services are integral to manufacturing processes, such as for semiconductors and flat panel displays, and are used within an increasingly diverse range of industrial applications.
Following the acquisition Edwards will be delisted from the NASDAQ stock exchange. Atlas Copco has initially paid Edwards shareholders $9.25 per share. Once Edwards’s audited 2013 income statement is final, an additional payment of up to $1.25 per share will be made, corresponding to a maximum total of $10.50 per share.
Edwards’s 2013 income statement is estimated to be ready before the end of the first quarter of 2014.
The acquired business is now part of Atlas Copco’s new Vacuum Solutions division in the Compressor Technique business area.
Two months into its operation and a nitrogen gas generator from Atlas Copco is reported to be paying dividends in maintenance at the Tapada do Outeiro combined cycle power station in Portugal.
Atlas Copco Rental Brazil was contracted to deliver an onsite nitrogen (N2) generator for a major project in Brazil by the Netherlands-based business, Mourik.
Increasing life expectancy and the rise in chronic diseases are major public health issues. Air Liquide is continuing to develop its home healthcare activity in France with the acquisition of SEPRODOM, a key player in home healthcare and monitoring of patients with chronic diseases in the French overseas departments and ...
Month on month the gasworld website continues to be the primary portal for information, on a global scale, about our industry - be it through the provision of news and features, or information in the expansive company directory section. Launched in 2004, it is the only independent online news provider and information portal for the global industrial gas community and the larger end-user markets. The website also now incorporates news for gasworld US and Specialty Gas Report.
To find out more about gasworld's advertising opportunities click here.