Atlas Copco has acquired FIAC, a Bologna-based manufacturer of piston compressors and air treatment products, to enhance its Professional Air division and expand its market presence in the global compressor industry, with specific terms of the deal undisclosed.

Information on the target

FIAC, headquartered in Bologna, Italy, is a prominent manufacturer in the compressor industry, employing approximately 400 individuals. Established in 1977, the company specializes in a comprehensive range of piston compressors, air treatment products, and spare parts. With production facilities located in Italy, China, and Brazil, FIAC has successfully expanded its market reach, distributing its products to over 110 countries worldwide. In 2014, the company reported revenues of approximately MEUR 70 (MSEK 640).

The diverse applications of FIAC's compressors cater to a wide array of industrial and professional customers, including small and medium-sized enterprises ranging from automotive repair shops to various manufacturing sectors. The specific terms of the acquisition, including the purchase price, have not been disclosed by the parties involved.

Industry overview in the target’s specific country

The compressor industry in Italy is characterized by a strong manufacturing base and a growing demand for energy-efficient solutions. As one of the leading industrial nations in Europe, Italy boasts a robust industrial sector that heavily relies on compresse