Atlas Copco Completes Acquisition of Edwards Group

13.01.2014

Atlas Copco 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 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.

More articles on this topic

Pfeiffer Vacuum Becomes Pfeiffer Vacuum+Fab Solutions

16.10.2024 -

Pfeiffer Vacuum, a member of the global Busch Group, is proud to announce the introduction of its new name and refreshed logo, marking the evolution of the company into Pfeiffer Vacuum+Fab Solutions. This rebranding reflects the comprehensive portfolio of Pfeiffer as a one-stop supplier for both vacuum solutions and semiconductor fab solutions.

Read more

Leybold Develops Vacuum Solution for Sustainable Beer Bottling

27.08.2024 -

The classic glass beer bottle offers numerous advantages for producers and consumers compared to other types of containers. In addition to a fresh taste and protection from external contaminants, the bottle design communicates the brand image and contributes to the enjoyment of the beverage. With this in mind, it’s no coincidence that in Germany alone, there are currently several billion glass bottles from various breweries in circulation.

Read more