M&A Deal Summary

Atlas Copco Acquires Hobic Bit Industries

On September 6, 2000, Atlas Copco acquired machinery company Hobic Bit Industries

Acquisition Highlights
  • This is Atlas Copco’s 3rd transaction in the Machinery sector.
  • This is Atlas Copco’s 1st transaction in Canada.
  • This is Atlas Copco’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2000-09-06
Target Hobic Bit Industries
Sector Machinery
Buyer(s) Atlas Copco
Deal Type Add-on Acquisition

Target

Hobic Bit Industries

British Columbia, Canada
Hobic Bit Industries Corp. is a manufacturer of diamond core drill bits for the mineral exploration industry.

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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 5 of 176
Sector (Machinery) 3 of 91
Type (Add-on Acquisition) 5 of 142
State (British Columbia) 1 of 1
Country (Canada) 1 of 4
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-19 Rotoflow

Gardena, California, United States

Rotoflow, Inc. is an engineered products company manufacturing radial inlet expanders specializing in applications in the hydrocarbon processing industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-01 JKS Lamage

North Bay, Ontario, Canada

JKS Lamage is a manufacturer and distributor of diamond tools for the construction and stone business.

Sell -
Mergr

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