Looking to boost its presence in the U.S. and European electric tool markets, Hong Kong’s Techtronic Industries Co. Ltd. (TTI) announced plans to buy the electric power tool and accessories business of Sweden’s Atlas Copco AB.
The transaction, which is subject to regulatory clearances and customary closing conditions, is expected to close prior to the end of 2004.
Atlas Copco’s electrical tools group includes Milwaukee Electric Tool Corp., a Brookfield, Wis.-based maker of dri
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