Edwards Group Ltd., a leading developer and manufacturer of vacuum products, 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 $1.6 billion. Under the terms of the merger agreement, a subsidiary of Atlas Copco will acquire Edwards. The transaction is expected to close in the first quarter of 2014. 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, U.K.
Edwards Group to be Acquired by Atlas Copco Group
August 26, 2013