Atlas Copco acquires Norwegian offshore compressed air rental business
Stockholm, Sweden, July 4, 2016: Atlas Copco, a leading provider of sustainable productivity solutions, has acquired the operating assets of Roxel Rental AS, a supplier of temporary air solutions for the Norwegian offshore industry.
Roxel Rental is based in Stavanger, Norway, and is part of the Roxel Group.
The company had revenues in 2015 of about MNOK 12 (MEUR 1.3). Two of the company’s employees are joining Atlas Copco. The parties have agreed not to disclose the purchase price.
The Roxel Rental fleet consists of diesel and electric-powered compressors that are rented out mainly to oil and gas companies for exploration, production, transportation and storage.
“The acquisition will strengthen our position in the Norwegian offshore market,” said Andrew Walker, President of the Construction Technique business area. “It will allow us to help more customers by offering our specialty rental services from all important hubs around the North Sea.”
For more information on Roxel Rental, please see roxel.no/offshore/rental-units.
The business becomes part of the Specialty Rental division in Atlas Copco’s Construction Technique business area.
For more information please contact:
|Andrew Walker, Business Area President, Construction Technique
+32 3 401 93 29
|Ola Kinnander, Media Relations Manager
+46 8 743 8060 or +46 70 347 2455