M&A Deal Summary

Atlas Copco Acquires Fox Air NZ

On September 3, 2014, Atlas Copco acquired distribution company Fox Air NZ from Lancaster Group

Acquisition Highlights
  • This is Atlas Copco’s 13th transaction in the Distribution sector.
  • This is Atlas Copco’s 5th transaction in New Zealand.

M&A Deal Summary

Date 2014-09-03
Target Fox Air NZ
Sector Distribution
Buyer(s) Atlas Copco
Sellers(s) Lancaster Group
Deal Type Divestiture

Target

Fox Air NZ

Auckland, New Zealand
Fox Air NZ Ltd. is a distributor, installer and maintain all all types of air compressors and associated compressed air equipment.

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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 78 of 176
Sector (Distribution) 13 of 36
Type (Divestiture) 15 of 28
Country (New Zealand) 5 of 5
Year (2014) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 Ash Air

Auckland, New Zealand

Ash Air (NZ) Ltd. is a manufacturer of air and gas compressor equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Titan Technologies International

Houston, Texas, United States

Titan Technologies International, Inc. is a provider of powerful bolting tools to the oil and gas and other industries.

Buy -

Seller(S) 1

SELLER

Lancaster Group

New Zealand

Category Company
Sector Distribution
DESCRIPTION

Lancaster Group Ltd. is a distributor of vacuum pumps and air treatment products.


DEAL STATS #
Overall 4 of 4
Sector (Distribution) 2 of 2
Type (Divestiture) 4 of 4
Country (New Zealand) 4 of 4
Year (2014) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 Ash Air

Auckland, New Zealand

Ash Air (NZ) Ltd. is a manufacturer of air and gas compressor equipment.

Sell -