Atlas Copco to acquire company in medical gases sector
Stockholm, Sweden, April 8, 2011: Atlas Copco Ltd has signed an
agreement to acquire the Medical Gas Solutions business from Penlon Ltd,
headquartered in the United Kingdom. Penlon Medical Gas Solutions is a
leading provider of medical gas systems, medical vacuum equipment, and
pipeline components for hospitals.
Penlon Medical Gas Solutions' business had revenues in 2010 of around
MGBP 12 (MSEK 120) and employed about 100 people. The parties have
agreed not to disclose the purchase price. The transaction is
conditional on clearance by competition authorities.
Penlon Medical Gas Solutions is headquartered in Abingdon, Oxfordshire.
The company has assembly facilities in the UK and sells through
distributors to over 30 countries worldwide, including the Middle East,
India, China and Japan. See also the Medical Gases section of
www.penlon.com (http://www.penlon.com/). The anesthesia business will
remain with Penlon Ltd.
“The medical gas market is a growing segment worldwide and has an
aftermarket business with a good potential. This acquisition supports
Atlas Copco's strategy of extending our medical gas offering globally
and increasing revenues through aftermarket,” says Stephan Kuhn,
Business Area President, Atlas Copco Compressor Technique.
The Atlas Copco Group already has a presence in the medical gas market
through BeaconMedaes, which specializes in medical gas systems. With the
acquisition of Penlon Medical Gas Solutions, Atlas Copco will further
improve its global footprint and be a comprehensive solutions provider
to worldwide medical gas customers. The business will become part of
Atlas Copco Compressor Technique's Industrial Air division and the
products will be sold under the brand name Penlon Medical Gas Solutions.
For further information please contact:
Stephan Kuhn, Business Area President, Compressor Technique
32 (0)3 870 2938 or 32 (0)474 881 154
Daniel Frykholm, Media Relations Manager
46 (0)8 743 8060 or 46 (0)70 865 8060