SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Atlas Copco's final price for Edwards Group agreed

[March 06, 2014]

Atlas Copco's final price for Edwards Group agreed

(Cision Via Acquire Media NewsEdge) Stockholm, Sweden, March 6, 2014: Atlas Copco, a leading provider of sustainable productivity solutions, has agreed the final price for the acquisition of Edwards Group Ltd., headquartered in the United Kingdom. Edwards is a technology and market leader in sophisticated vacuum products and abatement solutions. The products and services are integral to manufacturing processes, such as for semiconductors and flat panel displays, and are used within an increasingly diverse range of industrial applications.


Edwards’ 2013 Annual Report is now audited and accepted by Atlas Copco AB. As per the agreement Atlas Copco will therefore make an additional payment of USD 1.25 per share. This payment will be made on March 10, 2014. Atlas Copco initially paid USD 9.25 per share, which gives a total purchase price of USD 10.50 per share. This corresponds to an enterprise value of MSEK 9 900 (BUSD 1 500), whereof approximately MSEK 2 100 of net debt at the time of closing.

For more details about the acquisition, please see Atlas Copco’s press releases issued on August 19, 2013 and on January 9, 2014. For more information please contact: Mattias Olsson, Vice President Investor Relations +46 (0)8 743 8295 or +46 (0)72 729 8295 ir@se.atlascopco.com Ola Kinnander, Media Relations Manager +46 (0)8 743 8060 or +46 (0)70 347 2455 media@se.atlascopco.com Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics.  The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees. Learn more at www.atlascopco.com.

This information was brought to you by Cision http://news.cision.comhttp://news.cision.com/atlas-copco/r/atlas-copco-s-final-price-for-edwards-group-agreed,c9546834The following files are available for download:http://mb.cision.com/Main/90/9546834/217327.pdf (c) 2014 Cision. All Rights Reserved.

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.