Atlas Copco buys compressed air distributor
By Keefe Borden10 November 2021
Atlas Copco has bought S.T.E.R.I. srl, an Italian compressor distributor and service provider near Turin. The price was not disclosed but is not considered material relative to Atlas Copco’s market capitalization.
STERI has 19 employees and primarily serves a range of local industrial companies and the Piedmont and Valle d’Acosta regions of Italy.
The product range includes compressors, filters, and ancillary equipment. “STERI has a strong market presence and customer base in the northwest of Italy”, said Vagner Rego, Atlas Copco’s business area president compressor technique.
“Through this acquisition we will continue to build on our market presence in the industrial north of Italy”. The business will become part of the Compressor Technique Service division within the Compressor Technique Business Area.