Edwards, which is headquartered in the UK and listed on the NASDAQ stock exchange in New York, specialises in vacuum products, including pumps, and abatement solutions for a range of industrial applications such as the manufacture of semiconductors and flat panel displays. Edwards had revenues of SEK6400 million in 2012, with more than half of this coming from Asia. The company has more than 3200 employees.
“Edwards is a technology leader with a well-developed structure and solid customer relationships in industries we know well. It is a great fit for Atlas Copco,” said Atlas Copco president and CEO Ronnie Leten. “The vacuum solutions market is growing and has similar characteristics to our existing industrial businesses.”
Atlas Copco is already strong in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems.
“We recognize the strength Edwards has in its people and products as well as their excellence in technology and innovation. We are excited that this professional company will join our Group,” said Leten.
Once the acquisition is completed, Edwards will be part of Atlas Copco’s new Vacuum Solutions division within the Compressor Technique business area.