THE ATLAS COPCO PURCHASE
In July, 1995, Atlas Copco AB purchased Amstar, the parent corporation that owned Milwaukee Electric Tool Corporation.
www.atlascopco.com/Atlas Copco is a global group of industrial companies headquartered in Stockholm, Sweden that employs close to 26,000 people and manufactures products in 13 countries on five continents.
Atlas Copco AB is also the parent of U.S. based companies Chicago Pneumatic, Prime Service, and Rental Service Corp (RSC).
Worldwide, Atlas Copco companies manufacture electric and pneumatic tools, compressors, construction and mining equipment, assembly systems and motion control products.
Strategically, to Milwaukee, the sale to Atlas Copco meant increased financial support, with opportunities to compete in the international power tool market.
In addition, as the fourth electric tool manufacturer Atlas Copco had acquired since entering that market in 1992, Milwaukee had the opportunity to synergize ideas and products with sister divisions producing and selling AEG, Kango and Atlas Copco electric tools.
At the same time it also gave Atlas Copco a highly desirable position in the electric power tool business in North America.
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