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M&A Deal Summary

Atlas Copco and Qingdao Qianshao Precision Machinery Acquire CP Qianshao Power Tools

On August 23, 2004, Atlas Copco and Qingdao Qianshao Precision Machinery acquired machinery company CP Qianshao Power Tools

Acquisition Highlights
  • This is Atlas Copco’s 14th and Qingdao Qianshao Precision Machinery’s 1st transaction in the Machinery sector.
  • This is Atlas Copco’s 4th and Qingdao Qianshao Precision Machinery’s 1st transaction in China.

M&A Deal Summary
Date 2004-08-23
Target CP Qianshao Power Tools
Sector Machinery
Buyer(s) Atlas Copco
Qingdao Qianshao Precision Machinery
Deal Type Joint Venture

Target

CP Qianshao Power Tools

China
CP Qianshao (Qingdao) Power Tools Ltd. is an air tool manufacturer.

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Buyer(S) 2

Buyer

Atlas Copco

Nacka, Sweden
Category Company
Founded 1873
Sector Machinery
Employees55,146
Revenue 176.8B SEK (2024)
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 19 of 176
Sector (Machinery) 14 of 91
Type (Joint Venture) 2 of 2
Country (China) 4 of 11
Year (2004) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 Ingersoll-Rand Drilling Solutions

Garland, Texas, United States

Ingersoll-Rand Drilling Solutions is a manufacturer and distributor of drilling equipment and consumables for surface mining and construction.

Buy kr1.7B
FOLLOWING 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
Buyer

Qingdao Qianshao Precision Machinery

Qingdao, China
Category Company
Sector Machinery
DESCRIPTION

Qingdao Qianshao Precision Machinery Corp. is a producer of pneumatic tools for the industrial market as well as for the automotive aftermarket and the aerospace industry.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Joint Venture) 1 of 1
Country (China) 1 of 1
Year (2004) 1 of 1
Mergr

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