Atlas Copco (STO:ATCOA)(STO:ATCOB) , a leading provider of sustainable productivity solutions, will establish a fifth business area, Vacuum Technique. The new business area will be operational from January 1, 2017 and have approximately 6 800 employees, including external workforce.
The new business area had restated revenues of SEK 10.5 billion (USD 1.2 billion) for the 12 months ended June 30, 2016. In addition, the new business area will include the operations of certain businesses acquired after June 30, 2016, with combined annual revenues of approximately SEK 4 billion (MUSD 475).
Since the acquisition of Edwards Group in January 2014, Atlas Copco’s vacuum business has been growing. Several acquisitions in the vacuum area have been made or are under way, including Leybold and CSK, providing the opportunity to create a dedicated business area.
“Our ambition is to become the global leader in vacuum solutions,” said Ronnie Leten, President and CEO of the Atlas Copco Group. “The global vacuum business is a growth area and by creating a separate business area with a dedicated organization the already strong customer focus will increase further.”
The main markets served are semiconductor, scientific and a wide range of industrial segments including chemical process industries, food packaging and paper handling.
From January 1, 2017, Atlas Copco will have five business areas; Compressor Technique, Vacuum Technique, Industrial Technique, Mining and Rock Excavation Technique, and Construction Technique. Following the establishment of a fifth business area, the Vacuum Solutions division within Compressor Technique will no longer be operational and its business will move to Vacuum Technique.
The recruitment of a business area president for Vacuum Technique will start immediately.
For more information, please see http://www.atlascopcogroup.com/investor-relations/.
This information is information that Atlas Copco AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 8.30 am CEST on August 18, 2016.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2015, Atlas Copco had revenues of BSEK 102 (BEUR 11) and more than 43 000 employees. Learn more at www.atlascopcogroup.com (http://www.atlascopco.com).
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