Atlas Copco, a leading provider of
sustainable productivity solutions, has closed the acquisition of Edwards Group
Ltd., headquartered in the United Kingdom.
Edwards is a technology and market leader in sophisticated vacuum products and
abatement solutions. The products and services are integral to manufacturing
processes, such as for semiconductors and flat panel displays, and are used
within an increasingly diverse range of industrial applications.
Following the acquisition Edwards will be delisted from the NASDAQ stock
Atlas Copco has initially paid Edwards shareholders USD 9.25 per share. Once
Edwards’s audited 2013 income statement is final, an additional payment of up to
USD 1.25 per share will be made, corresponding to a maximum total of USD 10.50
Edwards’s 2013 income statement is estimated to be ready before the end of the
first quarter of 2014.
The acquired business is now part of Atlas Copco’s new Vacuum Solutions divisionin the Compressor Technique business area.