Engineering company Atlas Copco has acquired Cypress Equipment Rental in Louisiana, USA, a distributor of portable compressors serving, among others, the oil and gas industry. The company employs 14 people and reported sales of approximately $17.6 million, equivalent to 174 million kronor, in 2025. This information was announced in a press release.
The purchase price has not been disclosed.
Cypress will become part of the Portable Air division within the Power Technique business area.
"This acquisition strengthens our presence in the U.S. market for portable compressors, expands our reach in specialized oil and gas applications, and further reinforces our leadership in the region," said Andrew Walker, Business Area President.
Atlas Copco AB is one of the world's leading industrial groups. Net sales break down by family of products as follows:
- air and gas compressors and electrical generators (66.7%). The group also sells compressed air treatment equipment (filters, dryers, coolers, air tanks);
- construction, drilling, and demolition equipment (16.7%): pneumatic and hydraulic rock breakers, drill hammers, drilling motors, mine carts, upward boring machines, etc.;
- industrial machine tools (16.6%): grinders, punches, impact tools, drills, threaders, pneumatic assembly tools, power drivers, etc.;
Net sales are distributed geographically as follows: Sweden (1.3%), Europe (26.4%), Asia and Oceania (35.9%), the United States (23.2%), North America (3.9%), Africa and Middle East (5%) and South America (4.3%).
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