A PYMNTS Company

Sweden/UK: Atlas engineering firm snaps-up vacuum parts maker

By  |  August 19, 2013
Sweden/UK: Atlas engineering firm snaps-up vacuum parts maker

Sweden-based engineering firm Atlas Copco announced plans to acquire UK-based vacuum parts maker Edwards Group in a $1.2 billion deal, though reaches a value of about $1.6 billion including the assumption of debts Reports say Edwards shareholders have already cleared the deal. In a statement, Edwards CEO Jim Gentilcore said the firms “share very similar strategic goals, strong brands and leading market positions.” Edwards manufacturers vacuum pumps. Atlas CEO Ronnie Leten said the company is “excited” for the deal.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Fox Business

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.