Atlas Copco completes acquisition of Edwards Group

Atlas Copco has completed the acquisition of Crawley-based vacuum engineering company Edwards Group.

Edwards Group manufactures and supplies vacuum and abatement equipment used in advanced manufacturing processes such as for semiconductors and flat panel displays as well as a range of industrial applications. Atlas Copco has initially paid Edwards shareholders USD 9.25 per share. Once Edwards' 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.