Atlas Copco acquires tool distributor in the U.S.


Atlas Copco acquires tool distributor in the U.S.

Stockholm, Sweden, September 8, 2010: Atlas Copco Tools & Assembly
Systems LLC has agreed to acquire the sales and marketing operation of
its current tool distributor Kramer Air Tool Inc. based in Michigan,
United States. The agreement further strengthens Atlas Copco's presence,
market coverage and support to customers.

“We are very pleased to integrate the Kramer distributor network into
Atlas Copco sales organization and thereby offer our customers an even
wider range of sophisticated products, services and accessories. This
will bring us closer to our customers” says Mats Rahmström, Business
Area President Atlas Copco Industrial Technique.
Kramer was founded in 1984 and has been a sole Atlas Copco distributor
for Michigan since 1999 for tools and related services to the motor
vehicle and general industries. Its headquarters is located in
Farmington Hills. Kramer employs around 50 people and in 2009 the
turnover was approximately MUSD 17 (MSEK 125).
The agreement gives Atlas Copco the rights to sales and service of Atlas
Copco's industrial tools in the state of Michigan. Customers will be
transferred to Atlas Copco's Customer Center in Michigan. The parties
have agreed not to disclose the price.

For further information please contact:
Mats Rahmström, Business Area President, Industrial Technique
+46 (0)8 743 9350 or +46 (0)70 899 9350
Love Liman, Acting Media Relations Manager
+46 (0)8 743 8060 or +46 (0)73 318 8060

Attachments

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