Atlas Copco to buy GreenField

STOCKHOLM – Atlas Copco AB, a Swedish maker of air compressors, said yesterday it agreed to buy Swiss rival GreenField for an undisclosed sum.

GreenField reported revenue of 270 million Swedish kronor (US$38.4 million) and has around 200 employees. The company designs, manufactures and markets a range of compressors aimed at the natural gas vehicles market, Atlas said in a statement.The acquisition includes GreenField’s businesses in the United States, Germany, Argentina, Brazil, Colombia, Venezuela, Canada and Australia.”The acquisition of GreenField is part of our strategy to become a player in the rapidly growing market of compressed natural gas for vehicles,” said Ronnie Leten, Business Area President, Atlas Copco Compressor Technique.Nampa-APThe company designs, manufactures and markets a range of compressors aimed at the natural gas vehicles market, Atlas said in a statement.The acquisition includes GreenField’s businesses in the United States, Germany, Argentina, Brazil, Colombia, Venezuela, Canada and Australia.”The acquisition of GreenField is part of our strategy to become a player in the rapidly growing market of compressed natural gas for vehicles,” said Ronnie Leten, Business Area President, Atlas Copco Compressor Technique.Nampa-AP

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