Atlas Copco Group Strengthens Market Position with Portland-Based Pacific Air Compressors Acquisition
Atlas Copco Group Strengthens Market Position with Portland-Based Pacific Air Compressors Acquisition
(IN BRIEF) Atlas Copco Group has acquired Pacific Sales & Service, Inc. (Pacific Air Compressors), a distributor of compressors and related equipment based in Portland, Oregon. With 15 employees, Pacific Air Compressors strengthens Atlas Copco’s presence in the Portland area, known for its diverse manufacturing sector. The acquisition underscores Atlas Copco’s strategy to enhance customer proximity and expand geographic coverage. Specific financial details of the acquisition have not been disclosed.
(PRESS RELEASE) NACKA, Sweden, 4-Mar-2024 — /EuropaWire/ — Atlas Copco Group (STO: ATCO-A), world-leading manufacturer of compressors, vacuum solutions, generators, pumps, power tools, and assembly systems, proudly announces the integration of all operating assets of Pacific Sales & Service, Inc. (Pacific Air Compressors) into its esteemed portfolio. Serving as a prominent distributor of compressors, associated spares, and accessories, Pacific Air Compressors has now become an integral part of the Atlas Copco Group.
Located in Portland, Oregon, Pacific Air Compressors boasts a dedicated team of 15 employees, strategically positioned to serve the diverse manufacturing landscape of the Portland area.
Commenting on the acquisition, Vagner Rego, President of the Compressor Technique business area, expressed enthusiasm for the enhanced presence in Portland, citing the region’s vibrant manufacturing base. “The acquisition will give us a stronger presence in the Portland area which has a very diverse manufacturing base. The acquisition is in line with our goal to get closer to customers and grow our geographic coverage.”
While the purchase price remains undisclosed, the acquisition signifies Atlas Copco Group’s dedication to fortifying its Compressor Technique Service division. With this latest addition, Atlas Copco Group further solidifies its position as a leader in the compressed air industry, poised to deliver unparalleled service and support to customers worldwide.
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About Atlas Copco Group:
Atlas Copco Group enables technology that transforms the future. We innovate to develop products, services and solutions that are key to our customers’ success. Our four business areas offer compressed air and vacuum solutions, energy solutions, dewatering and industrial pumps, industrial power tools and assembly and machine vision solutions. In 2023, the Group had revenues of BSEK 173, and at year end about 53 000 employees.
SOURCE: Atlas Copco AB
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