Atlas Copco acquires Edwards
Atlas Copco has closed the acquisition of Edwards Group Ltd., headquartered in the United Kingdom. Edwards is a producer of 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.
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.
The acquired business is now part of Atlas Copco’s new Vacuum Solutions division in the Compressor Technique business area.