Atlas Copco, a provider of sustainable productivity solutions, has closed the acquisition of Edwards Group, headquartered in the UK.
Edwards is a technology and market leader in sophisticated vacuum products and abatement solutions.
Following the acquisition Edwards will be delisted from the NASDAQ stock exchange.
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 per share.
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 division in the Compressor Technique business area.