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Atlas Copco divests Spanish rental business Guimera
- 15th March 2008
- Materials Handling
The buyer is a subsidiary of General de Alquiler de Maquinaria S.A. (GAM), Spain's market leading equipment rental company. The divested business, which includes the Guimera brand name, has total annual revenues of about MSEK 130 (MEUR 14) and 92 employees, and relates to rental of equipment for power generation and temperature control.
"Following this and earlier divestments with the clear mission to concentrate on oil-free air and high pressure equipment for industrial applications, our Specialty Rental division now has a more efficient structure that will further improve our customer focus and help us develop the division," says Ronnie Leten, President of Atlas Copco's business area Compressor Technique. "We believe Guimera has excellent future prospects with its new owners."
The sales price is MSEK 170 (MEUR 18). Atlas Copco's remaining specialty rental business in Spain operates under the Atlas Copco brand name.
http://www.atlascopco.com/.
Other news articles from Atlas Copco Construction & Mining Ltd
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- Atlas Copco awarded for exemplary environmental program
Atlas Copco acquires two distributors in the USA- Report from Atlas Copco AB’s Annual General Meeting
- Atlas Copco initiates repurchase and sale of own shares
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- New board members proposed for Atlas Copco AB
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- Atlas Copco carries out funding plan
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- Report from Atlas Copco’s Annual General Meeting 2007
- Gunnar Brock comments on Atlas Copco’s Q1 results
- Atlas Copco has completed Greenfield acquisition
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- 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
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