STOCKHOLM (Reuters) – Swedish engineering group Atlas Copco said on Monday it was buying British industrial technology firm Edwards Group for up to $ 1.6 billion, an investment which should help it offset volatile swings in its mining business. Atlas Copco, which employs more than 40,000, said it would acquire Edwards in an all-cash transaction and that the deal would close in the first quarter. Edwards employs more than 3,200 and is a market leader in sophisticated vacuum pumps used in the chemical and pharmaceuticals industries. It had revenues of 595 million pounds in 2012. …
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