Swedish industrial company Atlas Copco has signed an agreement to acquire the Medical Gas Solutions business from Penlon, headquartered in the United Kingdom.
Penlon Medical Gas Solutions is a provider of medical gas systems, medical vacuum equipment and pipeline components for hospitals.
In 2010 it had revenues of around £12m and employed approximately 100 people.
The transaction, the value of which was not disclosed, is conditional on clearance by competition authorities.
