Edwards: Definitive Agreement to Be Acquired by Atlas Copco
Edwards Group Limited, West Sussex, United Kingdom, developer and manufacturer of vacuum products, abatement systems and related value-added services, and Atlas Copco Group, the Sweden-based provider of industrial productivity solutions, announced that the companies have entered into a definitive merger agreement in a transaction valued at up to approximately USD 1.6 billion, including the assumption of debt.
Edwards and Atlas Copco have a complementary businesses fit. Both companies share a similar strategic direction, with growth focused on technology leadership and customer service. The benefits of greater scale will help accelerate Edwards' growth strategy and provide more opportunities for Edwards' employees. Upon completion of the transaction, a new Vacuum Solutions Division will be formed within the Atlas Copco Compressor Technique business area, with headquarters in Crawley, UK.
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