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Atlas Copco acquires drilling company in the UK

Stockholm, Sweden, September 1, 2010: Atlas Copco Construction & Mining Ltd, UK, has acquired H & F Drilling Supplies Ltd, an independent local manufacturer and distributor of drilling equipment in the UK.
H & F Drilling Supplies offers solutions to contractors and end users within the drilling industry. They specialize in casing and piling applications and supply all components in the drill string.
“H & F Drilling Supplies is a good fit for the Atlas Copco Group. The acquisition offers the potential to create a competence centre in order to develop sales in large diameter drilling and piling across the UK and Europe,” says Björn Rosengren, Business Area President of Atlas Copco Construction & Mining Technique.
H & F Drilling Supplies was founded in 1986 in Stirling, Scotland and is currently one of Atlas Copcos distributors in the UK. The acquired company has 20 employees and revenues in 2009 of about MGBP 5.1 (MSEK 59). The company becomes a wholly owned subsidiary of Atlas Copco Construction & Mining Ltd and will operate within the Construction & Mining Technique Business Area. The parties have agreed not to disclose the purchase price.

For further information please contact:
Björn Rosengren, Business Area President, Construction and Mining Technique
+86 1370 1966 816 (Chinese mobile) or +46 (0)70 417 8502 (Swedish mobile)
Love Liman, Acting Media Relations Manager
+46 (0)8 743 8060 or +46 (0)73 318 8060

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