måndag, 22 januari 2018 07:40

Atlas Copco förvärvar hydraulikföretag i Australien

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Publicerat: 18-01-22
Atlas Copco Austrailen
Atlas Copco AB (ATLKY - Free Report) , on Jan 10, announced that it will acquire Australia-based Hy-Performance Fluid Power Pty Ltd. Financial consideration of the buyout was not disclosed. Since the announcement, the price of the company’s American Depository Receipts (ADR) have increased 2.5%. The ADR price was $47.10 at the close of trading on Jan 12.

Hy-Performance Fluid primarily provides its services — remanufacturing, repair and servicing of hydraulic components — to customers in the mining and infrastructure end markets. In the fiscal year ending Jun 30, 2017, the firm had 26 employees and generated revenues of A$7.5 million.
The buyout of Hy-Performance Fluid will strengthen Atlas Copco’s product line for customers in the mining and infrastructure markets. It will be integrated with the company’s existing Mining and Rock Excavation Technique business. Notably, in calendar 2017, the company had communicated its intention of spinning-off its mining operations into a new company named Epiroc. Pending shareholders approval, the spin-off will be done in calendar 2018.
Källa: Zacks Equity Research
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