August 19, 2013 / 6:41 AM / 6 years ago

Atlas Copco to acquire Edwards Group for up to $1.6 bln

STOCKHOLM, Aug 19 (Reuters) - Swedish engineering group Atlas Copco said on Monday it would acquire British industrial technology firm Edwards Group for up to $1.6 billion.

Atlas Copco said the acquisition was an all-cash transaction utilising its own funds and that the transaction would close in the first quarter.

“Edwards is a technology leader with a well-developed structure and solid customer relationships in industries we know well,” Atlas Copco CEO Ronnie Leten said in a statement. “It is a great fit for Atlas Copco.”

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below