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Atlas Copco AB ( ($SE:ATCO.A) ) has shared an announcement.
Atlas Copco Group has acquired Trident Compressed Air Ltd., a Canadian distributor based in Ontario that sells and services air compressors for customers in general industry, automotive, and the food and beverage sector. Founded in 1987, Trident’s eight employees will join Atlas Copco as the business is integrated into the service division of the Compressor Technique Business Area.
The deal, for which financial terms were not disclosed, expands Atlas Copco’s sales and service footprint in the Canadian market, with a particular focus on strengthening its presence in Ontario. The acquisition supports the group’s strategy of deepening local service capabilities in key industrial regions, which may enhance customer reach and aftermarket revenues in its compressor business.
The most recent analyst rating on ($SE:ATCO.A) stock is a Sell with a SEK145.00 price target. To see the full list of analyst forecasts on Atlas Copco AB stock, see the SE:ATCO.A Stock Forecast page.
More about Atlas Copco AB
Atlas Copco Group is a global industrial technology company that develops products, services and solutions in compressed air and vacuum, energy solutions, dewatering and industrial pumps, industrial power tools and assembly, and machine vision. With four business areas and around 56,000 employees, the group focuses on technologies that improve industrial productivity for customers worldwide.
Average Trading Volume: 5,097,325
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK817.8B
For detailed information about ATCO.A stock, go to TipRanks’ Stock Analysis page.