Atlas Copco acquires specialist services company renting equipment to the oil- and gas industries

Stockholm, Sweden, October 1, 2004: Atlas Copco UK Holdings Ltd. has acquired Kolfor Plant Ltd. of Scotland. The company has annual revenues of approximately MSEK 49 (MBP 3.6) and 36 employees. The sales price is not disclosed.

Kolfor Plant Ltd. (Kolfor), established in 1973, is a specialty services company renting equipment to the oil- and gas industries. It is located in Dundee, Scotland, and offers primarily solutions for temporary energy needs. The company rents generators, compressors, sub sea dredge and blast equipment, plus other equipment to meet the specific demands of its customers’ applications, often in demanding environments.

Kolfor will operate as part of the Portable Air division within Atlas Copco’s Compressor Technique business area. The acquisition is in line with Portable Air’s strategic direction for growth in specialty rental services.

“The Kolfor name is well known as a leader in generator and compressor rental to the oil- and gas industries. It will support Atlas Copco’s developments in this highly specialized market,” says Geert Follens, President Portable Air division.

Previous specialty rental acquisitions within the Portable Air division include the recent acquisition of Guimer? in Spain, Abird in The Netherlands and Rand-Air in South Africa.