Stockholm, Sweden, December 27, 2005: Atlas Copco Italia S.p.A. has
completed its acquisition of Italian control instruments and torque
measurement manufacturer BLM s.r.l.. BLM’s turnover in 2004 was
approximately MSEK 59 (MEUR 6.4) and it has 44 employees.
BLM, based near Milan, specializes in torque and tightening testing
equipment with 90% of sales to the motor vehicle industry. BLM’s
products are complementary to Atlas Copco Tools and Assembly Systems’
range, and have mainly been sold in Europe up to now. By adding Atlas
Copco’s worldwide general industry and motor vehicle industry channels
to market, the business is expected to grow significantly.
BLM joins the Atlas Copco Tools and Assembly Systems division within
the Industrial Technique business area, operating under the Atlas Copco
brand.
For further information please contact:
Annika Berglund,
Senior Vice President Communications
+46 (0)8 743 8070 or +46 (0)70 322
8070
Atlas Copco is an international industrial Group with its head
office in Stockholm, Sweden. In 2004, the Group had revenues of
approximately BSEK 49, with 98% of revenues outside Sweden. The Group
has more than 25 000 employees. The Group produces and markets
compressed air equipment and generators, construction and mining
equipment, industrial tools, and assembly systems and offers related
service and equipment rental. The Atlas Copco Group includes famous
brands such as Atlas Copco, RSC Equipment Rental, and CP. More
information can be found on atlascopco.com.
Atlas Copco Tools and Assembly Systems develops, manufactures
and markets hand-held electric and pneumatic tools and assembly
systems. The products are primarily sold to the automotive and general
industry world-wide. With customer service centers in many parts of the
world, the company offers not only a complete range of products and
service but also global project management for multi-national
customers. The headquarters are located in Stockholm, Sweden. Atlas
Copco Tools and Assembly Systems is a division within the Industrial
Technique business area of the Atlas Copco Group. See www.atlascopco.com
