M&A Deal Summary

Atlas Copco Acquires Professional Diamond Drilling Equipment

On October 1, 2003, Atlas Copco acquired machinery company Professional Diamond Drilling Equipment

Acquisition Highlights
  • This is Atlas Copco’s 11th transaction in the Machinery sector.
  • This is Atlas Copco’s 3rd transaction in South Africa.

M&A Deal Summary

Date 2003-10-01
Target Professional Diamond Drilling Equipment
Sector Machinery
Buyer(s) Atlas Copco
Deal Type Add-on Acquisition

Target

Professional Diamond Drilling Equipment

Johannesburg, South Africa
Professional Diamond Drilling Equipment (Pty) Ltd. is a manufacturer of diamond drill bits with a direct sales organization for exploration drilling equipment.

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Buyer(S) 1

Buyer

Atlas Copco

Nacka, Sweden

Category Company
Founded 1873
Sector Machinery
Employees55,248
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, 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 16 of 176
Sector: Machinery M&A 11 of 91
Type: Add-on Acquisition M&A Deals 14 of 142
Country: South Africa M&A 3 of 4
Year: 2003 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Mining Drilling Services

Johannesburg, South Africa

Mining Drilling Services (Pty) Ltd. is a distribution company specializing in the supply of exploration drilling equipment to contractors and mines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-31 Shenyang Rock Drilling Machinery Co.

Shenyang, China

Shenyang Rock Drilling Machinery Co. Ltd. is a producer of pneumatic rock drilling equipment for the mining and construction industry.

Buy -