M&A Deal Summary

Atlas Copco Acquires Rand Air

On December 17, 1998, Atlas Copco acquired business services company Rand Air

Acquisition Highlights
  • This is Atlas Copco’s 1st transaction in the Business Services sector.
  • This is Atlas Copco’s 1st transaction in South Africa.

M&A Deal Summary

Date 1998-12-17
Target Rand Air
Sector Business Services
Buyer(s) Atlas Copco
Deal Type Add-on Acquisition

Target

Rand Air

Johannesburg, South Africa
Rand Air Ltd. is a compressed air rental company serving the construction and mining sectors as well as the manufacturing sector.

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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 3 of 176
Sector: Business Services M&A 1 of 11
Type: Add-on Acquisition M&A Deals 3 of 142
Country: South Africa M&A 1 of 4
Year: 1998 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-02 Tool Technics NV

Belgium

Tool Technics NV specializes in serving the industrial sector, primarily the automotive industry in Belgium, offering solutions for servicing and supplying spare parts for power tools and assembly systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-02 ABIRD

Rotterdam, Netherlands

ABIRD is specializing in the rental of compressed air equipment. ABIRD was founded in 1962 and is based in Rotterdam, Netherlands.

Buy -