M&A Deal Summary

Atlas Copco Acquires Baker Hughes Mining Tools

On September 14, 2004, Atlas Copco acquired machinery company Baker Hughes Mining Tools from Hughes Christensen

Acquisition Highlights
  • This is Atlas Copco’s 15th transaction in the Machinery sector.
  • This is Atlas Copco’s 4th transaction in the United States.
  • This is Atlas Copco’s 2nd transaction in Texas.

M&A Deal Summary

Date 2004-09-14
Target Baker Hughes Mining Tools
Sector Machinery
Buyer(s) Atlas Copco
Sellers(s) Hughes Christensen
Deal Type Divestiture

Target

Baker Hughes Mining Tools

Grand Prairie, Texas, United States
Baker Hughes Mining Tools, Inc. is a manufacturer of consumables for rotary drilling and raise boring.

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Buyer(S) 1

Buyer

Atlas Copco

Nacka, Sweden

Category Company
Founded 1873
Sector Machinery
Employees53,728
Revenue 172.7B SEK (2023)
DESCRIPTION
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.

Atlas Copco is a diversified industrial group. The Company is a manufacturer of compressors, expanders and air treatment systems, construction and mining equipment, power tools, and assembly systems. Atlas Copco was founded in 1873 and is based in Nacka, Sweden.


DEAL STATS #
Overall 20 of 176
Sector (Machinery) 15 of 91
Type (Divestiture) 2 of 28
State (Texas) 2 of 9
Country (United States) 4 of 44
Year (2004) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-30 Milwaukee

Brookfield, Wisconsin, United States

Milwaukee is a producer and seller of heavy-duty portable electric tools and accessories. It designs and sells a substantial range of professional drills, Sawzalls, circular saws, grinders and hammers to tools designed for specific applications such as diamond drill rigs and Steel Hawg cutting systems. In addition, over 3,500 accessories are available to support every product. End user customers are primarily sophisticated professional tool users. Milwaukee is headquartered in Brookfield, Wisconsin.

Sell $627M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-20 Rotex Oy

Finland

Rotex Oy is a manufacturer of consumables for overburden drilling.

Buy -

Seller(S) 1

SELLER

Hughes Christensen

Houston, Texas, United States

Category Company
Founded 1984
Sector Machinery
DESCRIPTION

Hughes Christensen Co., Inc. is a manufacturer of drill bits.


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1