Edwards Group is a technology company offering sophisticated vacuum products and abatement solutions. The products and services are integral to manufacturing processes, such as for semiconductors and flat panel displays, and are used within an increasingly diverse range of industrial applications.
Following the acquisition Edwards will be delisted from the NASDAQ stock exchange. Atlas Copco has initially paid Edwards shareholders USD 9.25 per share. Once Edwards’s audited 2013 income statement is final, an additional payment of up to USD 1.25 per share will be made, corresponding to a maximum total of USD 10.50 per share. Edwards’s 2013 income statement is estimated to be ready before the end of the first quarter of 2014.
The acquired business is now part of Atlas Copco’s new Vacuum Solutions division in the Compressor Technique business area. Atlas Copco’s Compressor Technique business area provides industrial compressors, gas and process compressors and expanders, air and gas treatment equipment and air management systems. It has a global service network and offers specialty rental services. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.
Atlas Copco is an industrial group with positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries.