This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

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.


More information...

Contact Details and Archive...

Print this page | E-mail this page

MOST VIEWED...


Article image Spray and save on the glazing process

Food glazes are widely used in the bakery sector to improve the look and taste of baked products. Traditionally, this coating process has resulted in substantial waste. Technology advances mean that this is no longer the case. Full Story...

Article image Your flexible friend in the food factory

Suzanne Gill finds out where thermal imaging technology can help around the factory. Full Story...

What role does refrigeration play in the supply chain?

A dry-ageing process improvement

Self diagnostics: an enabler for predictive maintenance

http://www.appetite4eng.co.uk