STERI has 19 employees and mainly serves a wide range of local industrial companies in the Piedmont and Valle d'Aosta regions in 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, Business Area President Compressor Technique. "Through this acquisition we will continue to build on our market presence in the industrial north of Italy".
The purchase price is not material relative to Atlas Copco's market capitalization and is not disclosed.
The business will become part of the Compressor Technique Service division within the Compressor Technique Business Area.