Stockholm, Sweden-based Atlas Copco AB entered into an agreement with Altor 2003 Fund to acquire Dynapac AB of Sweden, a supplier of compaction and paving equipment for the road construction market. The acquisition — Atlas Copco’s first in the compaction segment — will strengthen Atlas Copco’s position in an expanding global market and add a new range of products for construction customers worldwide.

The total purchase price is approximately US $898.1 million, with approximately US $299.4 million in assumed debt.

Dynapac, with its head office in Malm