Swedish company acquires Michigan distributor
Stockholm, Sweden-based Atlas Copco Tools and Assembly Systems has agreed to buy the sales and marketing operation of its distributor, Farmington Hills, Mich.-based Kramer Air Tool.
The agreement gives Atlas the rights to sales and service of Atlas Copco’s industrial tools in the state of Michigan. The acquisition price was not disclosed.
“We are very pleased to integrate the Kramer distributor network into Atlas Copco sales organization and thereby offer our customers an even wider range of sophisticated products, services and accessories. This will bring us closer to our customers” said Mats Rahmstrom, business area president of Atlas Copco Industrial Technique.
Kramer, founded in 1984, employs approximately 50 people and had a 2009 turnover rate of $17 million.