Close
Most visited pages

Looking for products or services?

Find out what Atlas Copco is doing locally.

Atlas Copco in your country/area

Enabling the transformation to a low-carbon society

Fully committed to being part of the solution for a better tomorrow, we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.
Watch video
Thumbnail image for a video introducing our science-based targets

Are you up for a challenge?

Join us on an interactive journey to learn more about our culture.
Get to know our culture
Atlas Copco colleagues in discussion.

Innovation stories

Do you want to learn about our innovations? How operators benefit from our ergonomic equipment or how we secure a minimal impact on the environment?
Read our innovation stories
Corporate people observing parts of products in the field, cover image, ideas, backlight, touch screen

Our annual Industrial Ideas magazine

features stories about how we innovate for a sustainable future and push technology and society forward together with our customers.
Explore our innovative ideas
Atlas Copco's Industrial Ideas magazine
Close

Atlas Copco agrees to sell motion control business

August 23, 1999

August 23, 1999 - Atlas Copco has signed a definite agreement to sell Atlas Copco Controls to Danaher Corp., a leading company in the electrical equipment/component industry, with headquarters in Washington D.C, USA. Atlas Copco Controls had revenues of approximately SEK 470 million in 1998. The transaction is expected to close in September and is subject to customary government approvals. The selling price was not disclosed.

Atlas Copco Controls is a high-tech company specializing in industrial automation, motion control systems, electronic drives for electric vehicles, and customized drive systems. The company has 235 employees operating in Europe and the United States. Approximately 50% of sales are outside Sweden. "The motion control business has not enough synergies with our core business, and we believe that Danaher offers a better environment to encourage further growth of the company," says Gunnar Palme, Business Area Executive, Atlas Copco Industrial Technique. "However, Atlas Copco Controls will remain an important supplier of components to our Group."

For further information please contact:

  • Hans Friberger, General Manager, Atlas Copco Controls Phone +46 8 743 9565, mobile +46 70 592 8062, hans.friberger@atlascopco.com
  • Annika Berglund, Vice President, Corporate Communications (media), Phone +46 8 743 8070, mobile +46 70 322 8070, annika.berglund@atlascopco.com
  • Hans Ola Meyer, Senior Vice President, Group Treasurer (analysts), Phone +46 8 743 8292, mobile +46 70 588 8292, hans.ola.meyer@atlascopco.com

Atlas Copco is an international group of industrial companies with its head office in Stockholm, Sweden, and sales of SEK 34 billion. 97 percent of revenues come from outside Sweden. Atlas Copco companies develop, manufacture, and market electric and pneumatic tools, compressors, construction and mining equipment, assembly systems, and provide service and rentals. During recent years, rental service has become an important business for the Group. Additional information about Atlas Copco is available at the Group’s web site, www.atlascopco.com, which provides access to current news about the Company.