Atlas Copco to Acquire Industrial Power Sales, Inc.

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Atlas Copco Tools & Assembly Systems LLC has entered into an agreement to acquire privately-held Industrial Power Sales, Inc. of Raleigh, NC. This acquisition brings Atlas Copco Tools & Assembly Systems closer to its customers in the southeastern region of the United States.

The acquisition will give Atlas Copco better geographical coverage, allowing us to meet the needs of our global and regional customers. In addition, Industrial Power Sales employees have a great deal of valuable knowledge and experience, which complements that of our own people

Industrial Power Sales is currently a distributor of tools, assembly systems and material handling equipment and has represented Atlas Copco Tools & Assembly Systems for 28 years. The company is headquartered in Raleigh, North Carolina and employs 61 people in the southeastern United States.

Industrial Power Sales has based their growth and success on the strength of customer support and providing superior products and service. The employees of IPS will become part of the Atlas Copco Tools and Assembly Systems team to increase the focus more directly on customers in this region. The office in Raleigh will continue to provide a high level of support to customers in this region and the service facility located in Birmingham, Alabama will join the Atlas Copco Tools Service team.

"The acquisition will give Atlas Copco better geographical coverage, allowing us to meet the needs of our global and regional customers. In addition, Industrial Power Sales employees have a great deal of valuable knowledge and experience, which complements that of our own people," says Mats Rahmstrom, President Atlas Copco Industrial Technique.

The company has been a distributor of Atlas Copco's products in Virginia, North and South Carolina, Tennessee, Georgia, Alabama, and Mississippi. The North American Tools and Assembly Systems team will add up to 250 employees after the acquisition.

Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with more than 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group's global reach spans more than 160 markets. In 2007, Atlas Copco had 33 000 employees and revenues of $9.3 BUSD. More information is available at http://www.atlascopco.com

Atlas Copco's Tools & Assembly Systems business area develops, manufactures and markets industrial power tools, assembly systems, aftermarket products, software and service. It innovates for superior productivity for applications in the automotive and aerospace industry, general industrial manufacturing and maintenance, and vehicle service worldwide. Principal product development and main manufacturing units are in Sweden, Great Britain, France. More information is available at http://www.atlascopco.us

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