Atlas Copco SAE has acquired Grupo Electrógenos GESAN S.A. of Spain, a manufacturer of diesel and petrol generators sold through a global distributor network. The deal strengthens Atlas Copco’s product portfolio, especially for customers in emerging markets.
Privately owned Gesan employs about 160 people, and is based
in Zaragoza, Spain, where it has a production
and assembly facility. Its generators are used for primary power supply and for
standby purposes, ranging in sizes up to nearly twice as high as Atlas Copco’s
current offering. The distributor network reaches more than 85 countries, with
Europe, Africa and Russia
as the most important markets.
“Together with Gesan, we can offer a full range of
generators for all kinds of applications, and we look forward to building
relationships with new customers and distributors,” says Ronnie Leten, president
and CEO of Atlas Copco. “Gesan complements Atlas Copco’s generator business
very well geographically and in terms of the value proposition. We also expect
synergies in sales, service, purchasing and manufacturing.”
Atlas Copco will keep the Gesan brand in line with its
brand portfolio strategy. The Group also sells generators under the Atlas Copco
and Chicago Pneumatic brands. Atlas Copco’s generator business operates within
the Portable Energy division (formerly Portable Air), which, since July 1, is
part of the Construction Technique business area.
Atlas Copco Acquires Spanish Generator Manufacturer Gesan
July 20, 2011