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Atlas Copco purchases Spanish generator manufacturer Gesan

Atlas Copco purchases Spanish generator manufacturer Gesan

Atlas Copco has acquired Grupo Electrógenos Gesan of Spain, a manufacturer of diesel and petrol generators. The deal strengthens Atlas Copco’s product portfolio, extending its range into larger generators and improves its reach in emerging markets.

Gesan, a privately-owned company, reported revenues of US$80 million (€56 million) in 2010. Based in Zaragoza, Spain, where it has a production and assembly facility, the company employs about 160 people.
It offers generators for primary power supply and standby purposes. These are sold through a distributor network that reaches more than 85 countries, the most vital being Europe, Africa and Russia.

Atlas Copco will retain the Gesan brand, selling Gesan generators alongside its existing Atlas Copco and Chicago Pneumatic brands.

“Together with Gesan, we can offer a full range of generators for all kinds of applications, and we look forward to building relationships with new customers and distributors,” said Ronnie Leten, president and CEO of Atlas Copco. “Gesan complements Atlas Copco’s generator business very well geographically and in terms of the value proposition. We also expect synergies in sales, service, purchasing and manufacturing.”
Atlas Copco’s generator business operates within the portable energy division (formerly portable air), which, since July 1, has been part of the construction technique business area.

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