Stockholm-based Atlas Copco, a leading provider of sustainable productivity solutions, has completed the acquisition of FIAC, an Italian manufacturer of piston compressors and related equipment with a global sales network.
FIAC is based in Bologna, Italy, and has about 400 employees. The company offers a broad range of piston compressors, air treatment products, and spare parts. Founded in 1977, FIAC has production sites in Italy, China and Brazil, and sells into more than 110 countries.
The FIAC compressors are used by a wide range of industrial and professional customers including small and medium-sized businesses; from car repair shops to manufacturing companies. The parties have agreed not to disclose the purchase price.
FIAC becomes part of the new Professional Air division in the Compressor Technique business area.
Atlas Copco’s Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, the United States, China, South Korea, Germany, Italy and the United Kingdom
FIAC’s website is here: http://web.fiac.it/en/.