Stockholm, Sweden, July 2, 2015: Atlas Copco, a leading provider of sustainable productivity solutions, has acquired the operating assets of Mustang Services, a U.S. specialty dryer rental business that serves industries such as refineries, petrochemical plants and general manufacturing.
July 2, 2015
Mustang Services is based in Mesquite, Texas, and was part of privately owned Mustang Transportation Co.
Two of the company’s employees are joining Atlas Copco. Mustang Services rents out its equipment, mainly adsorption type air dryers, to industrial end-users that require dry compressed air in their processes, as well as to other rental companies. The products are often rented together with air compressors to provide customers with a total rental solution.
“This acquisition fits well with our strategy as it expands our offering in North America, the biggest market for rental of dryers ... It enhances our customers’ access to our products and services.”
For more information on Mustang Services, please see www.rentalairdryers.com.
The business becomes part of the Specialty Rental division in the Construction Technique business area.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2015, Atlas Copco had revenues of BSEK 102 (BEUR 11) and more than 43 000 employees.
Specialty Rental is a division within Atlas Copco’s Construction Technique business area. It serves customers in the industry segments around the world with temporary air, nitrogen, steam and power rental solutions. The specialty rental services are offered under several brands. The divisional headquarters is located in Houston, USA.