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Atlas Copco to divest part of Australian rental operation
- 15th September 2007
- Materials Handling
The assets divested are predominantly generators and air compressors, and four branches with 52 employees. As part of the transaction, Atlas Copco will acquire Coates's fleet of oil-free air compressors.
"This agreement will allow Prime to focus on the future development of specialty rentals in Australia, where we have seen increasing demand," says Ronnie Leten, President of Atlas Copco's business area Compressor Technique. "It will bring Prime further in its profitable growth strategy to develop applications for industrial and oil and gas customers, with a special focus on oil-free and high-pressure air."
Prime Industrial Rentals will continue to operate as part of Atlas Copco's division Specialty Rental.
Other news articles from Atlas Copco Construction & Mining Ltd
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Atlas Copco invests in German turbomachinery production- Atlas Copco acquires Mafi-Trench, expands in oil and gas markets
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- Atlas Copco to utilize mandate in connection to its share value based incentive programs
- Atlas Copco acquires remaining shares in Chinese drill bit maker Wuxi-Hobic
- Atlas Copco carries out funding plan
- Marianne Hamilton leaves Atlas Copco
- Report from Atlas Copco’s Annual General Meeting 2007
- Gunnar Brock comments on Atlas Copco’s Q1 results
- Atlas Copco has completed Greenfield acquisition
- Atlas Copco to acquire Swiss compressed natural gas compressor manufacturer
- Atlas Copco to acquire Dynapac, expanding its presence in the construction market
- Atlas Copco Report on Q4 and full-year 2006 summary (unaudited)
- Atlas Copco receives large contract for Chinese chemical and petrochemical market
Atlas Copco wins large order to supply mine in the Democratic Republic of Congo- Atlas Copco Airpower celebrates 50 years of success
- Brock comments on Atlas Copco’s Q3 results
- Atlas Copco: Third quarter report 2006