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Atlas Copco completes acquisition of Edwards Group

10 January 2014

Sustainable productivity specialist, Atlas Copco, has closed the acquisition of Edwards Group Ltd. 

According to Ronnie, Leten, president and CEO of Atlas Copco, UK based Edwards is a technology and market leader in sophisticated vacuum products and abatement solutions. The products and services are designed to be integral to manufacturing processes, such as for semiconductors and flat panel displays, and are used within an increasingly diverse range of industrial applications.

Following the acquisition Edwards will be delisted from the NASDAQ stock exchange.

Leten announced in a statement: “Atlas Copco has initially paid Edwards shareholders USD 9.25 per share. Once Edwards’s audited 2013 income statement is final, an additional payment of up to USD 1.25 per share will be made, corresponding to a maximum total of USD 10.50 per share. Edwards’s 2013 income statement is estimated to be ready before the end of the first quarter of 2014.”

The acquired business is now part of Atlas Copco’s new Vacuum Solutions division in the Compressor Technique business area.


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