Press Release from Atlas Copco AB
Atlas Copco has acquired a majority share of the specialty rental company Eco Steam and Heating Solutions
Nacka, Sweden, May 3, 2021: Atlas Copco has acquired a majority share of Eco Steam and Heating Solutions (E.K.S. HOLDING B.V.), an industrial steam and hot water boiler company located in the Netherlands.
Eco Steam and Heating Solutions is based in Tilburg, in the Netherlands and has 23 employees.
The company develops, rents, and sells customized industrial boiler assemblies tailored for plug and play installation. Eco Steam and Heating Solutions serves European customers, primarily in the general industry, such as food and beverage, chemical, steel, pharmaceuticals, and the energy sector.
“Eco Steam and Heating Solutions is a leading company in its field of expertise in their region” said Andrew Walker, Business Area President Power Technique. “The acquisition is in line with our strategy to strengthen and expand our specialized rental product offering to industrial customers in all segments and territories.”
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.
Eco Steam and Heating Solutions will become part of the Specialty Rental division within the Power Technique business area.
For more information please contact:
Sara Liljedal, Media Relations Manager
+46 8 743 8060 or +46 72 144 1038
Daniel Althoff, Vice President Investor Relations
+46 76 899 9597
Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.
Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries. In 2020, Atlas Copco had revenues of BSEK100 (BEUR 10) and at year end about 40 000 employees. For more information: www.atlascopcogroup.com
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