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Charlotte Stonestreet
Managing Editor |
Atlas Copco completes acquisition of Edwards Group
09 January 2014
Atlas Copco has closed the acquisition of Edwards Group, headquartered in the United Kingdom.
Edwards is a technology and market leader in sophisticated vacuum products and abatement solutions. The products and services are integral to manufacturing processes, such as for semiconductors and flat panel displays, and are used within an increasingly diverse range of industrial applications.
Following the acquisition Edwards will be delisted from the NASDAQ stock exchange.
Atlas Copco has initially paid Edwards shareholders USD 9.25 per share. Once Edwards’s audited 2013 income statement is final, an additional payment of up to USD 1.25 per share will be made, corresponding to a maximum total of USD 10.50 per share. Edwards’s 2013 income statement is estimated to be ready before the end of the first quarter of 2014.
The acquired business is now part of Atlas Copco’s new Vacuum Solutions division in the Compressor Technique business area.
- Capable of halving central vacuum supply energy costs
- Atlas Copco Turns Its Hand To Vacuum Pumps
- VSD compressors
- Compressor energy recovery kit
- Compressor range extended
- Monitor Your Compressor Installation With Mobile App
- 'VSD for Life' campaign
- Water-Injected VSD Compressors
- Oil-free rotary screw air compressors
- Secure compressed air energy savings
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