Atlas Copco’s Acquisition of Itubombas Locação Comércio Importação e Exportação Ltda


Veirano and Felsberg have advised on the deal

Atlas Copco has acquired Itubombas Locação Comércio Importação e Exportação Ltda, a pump rental company based in Itu in the Brazilian state of São Paulo.

Itubombas rents diesel and electric driven centrifugal pumps to customers in the oil and gas, construction and mining sectors. The company employs around 40 people and had revenues of around BRL18 million in 2016.

When the deal closes, Itubombas will become part of the Specialty Rental division in Atlas Copco’s Construction Technique business area.

Atlas Copco expects to complete the acquisition in the second quarter of 2017.

Veirano has advised Atlas Copco with Lior Pinsky (Picture), Diego Lecuona and Edoardo Mattevi.

Felsberg Advogados has advised Itubombas Locação Comércio Importação e Exportação Ltda. with João Carlos A. C. Mendonça, Renato Olivério Brandão, Matheus Cestari Mota and Enrico Benedet.

Involved fees earner: João Carlos Anderson Corrêa de Mendonça – Felsberg Advogados; Renato Olivério Brandão – Felsberg Advogados; Matheus Cestari Mota – Felsberg Advogados; Lior Pinsky – Veirano Advogados; Diego Maia Lecuona – Veirano Advogados;

Law Firms: Felsberg Advogados; Veirano Advogados;

Clients: Atlas Copco; Itubombas Locação Comércio Importação e Exportação Ltda.;

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Author: Ambrogio Visconti.