Atlas Copco acquires a service company in Indonesia
Wednesday, April 30 2008 - 10:09 AM WIB
Swedish mining services firm Atlas Copco Group announced on Wednesday it has acquired 100 percent ownership of PT Fluidcon Jaya and its parent company Fluidcon Service Pte Ltd, Singapore.
Through the acquisition Atlas Copco is expanding its business in the Indonesian mining sector, it said.
Fluidcon supplies and installs fuel and oil filtration equipment, hydrocarbon management systems, customized onboard fire suppression solutions and automatic lubrication systems to mining sites throughout Indonesia.
Both PT Fluidcon Jaya and Fluidcon Services Pte Ltd are privately-owned companies. The companies will be renamed Atlas Copco Fluidcon and belong to the Atlas Copco Drilling Solutions division, which is part of the Construction and Mining Technique business area. (denny)