STOCKHOLM, Sweden — Atlas Copco Tools and Assembly Systems has acquired privately held Industrial Power Sales Inc.
Industrial Power Sales is 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, N.C., and employs 61 people.
The acquisition brings Atlas Copco Tools and Assembly Systems closer to its customers in the southeastern region of the United States, said Mats Rahmstrom, president Atlas Copco Industrial Technique.
“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,” said Rahmstrom.
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 total 250 employees after the acquisition.
Learn more at www.atlascopco.com.