Atlas Copco acquires Medical Gas Solutions from Penlon

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.