Atlas Copco acquires German pneumatic tool supplier Rodcraft for undisclosed sum |
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Published
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Mon, 29 Jan 2007 12:09
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STOCKHOLM (AFX) - Atlas Copco AB said its German unit Atlas Copco Holding GmbH has acquired Germany's Rodcraft Beteiligungsgesellschaft mbH and all its subsidiary companies for an undisclosed sum.Rodcraft supplies the automotive aftermarket industry with pneumatic tools and workshop equipment. The company has annual sales of 208 mln skr and 78 employees.Atlas Copco said the acquisition will enable it to 'dramatically increase' its ability to serve or provide workshop equipment to the automotive sector.The acquisition is expected to be completed by the end of the first quarter.gustav.sandstrom@thomson.comgs/sjr/gs/ambCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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