Nordic Business Report-January 29, 2007-Atlas Copco acquires German tools and equipment supplier Rodcraft (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish industrial group Atlas Copco said on Monday (29 January) that its German unit Atlas Copco Holding GmbH has agreed to acquire pneumatic tools and workshop equipment supplier Rodcraft Beteiligungsgesellschaft mbH. The purchase price was not disclosed. The Rodcraft Group, based in Mulheim an der Ruhr in Germany, is a supplier to the automotive aftermarket industry. It has 78 employees and annual revenues of approximately EUR23m. "The acquisition of Rodcraft provides the CP Vehicle Service division with an opportunity to expand with new products into both new and existing customers. It will also dramatically increase our ability to provide workshop equipment and accessories to this sector," said Fredrik Moller, business area president of Atlas Copco Industrial Technique. Rodcraft will continue operations under its own name. Atlas Copco, headquartered in Stockholm, Sweden, is a global provider of industrial productivity solutions. The company has 27,000 employees and is present in 150 markets worldwide. Atlas Copco is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 1.49 euros (EUR). ((Comments on this story may be sent to [email protected]))