Atlas Copco to Acquire German Torque Wrench Maker
STOCKHOLM -- April 12, 2013
Atlas Copco (STO:ATCOA) (STO:ATCOB) has agreed to acquire the assets of
Saltus-Werk Max Forst GmbH, a manufacturer of mechanical and electric torque
solutions based in Germany.
Founded in 1919, Saltus has about 65 employees and had revenues in 2012 of
about MEUR 8 (MSEK 70). The company manufactures and sells a wide range of
products for quality assurance in tightening, including mechanical,
mechatronic and electronic wrenches as well as special sockets.
Saltus has a strong customer base primarily in the German automotive industry,
and it has a big potential globally.
“Quality demands from industrial manufacturers are steadily increasing and
this acquisition strengthens our position in quality assurance,” said Mats
Rahmström, Business Area President for Atlas Copco Industrial Technique. “It
extends our product and service offers to the motor vehicle segment and
general industry, and ensures we become a more complete supplier of torque
wrenches within quality assurance.”
For more information about Saltus, see www.saltus.de. The acquired business
will be part of the MVI Tools and Assembly Systems division within Atlas
Copco’s Industrial Technique business area. The acquisition is expected to be
closed before the end of May 2013.
Atlas Copco is an industrial group with world-leading positions in
compressors, expanders and air treatment systems, construction and mining
equipment, power tools and assembly systems. With innovative products and
services, Atlas Copco delivers solutions for sustainable productivity. The
company was founded in 1873, is based in Stockholm, Sweden, and has a global
reach spanning more than 170 countries. In 2012, Atlas Copco had 39 800
employees and revenues of BSEK90.5 (BEUR 10.5). Learn more at
Atlas Copco’s Industrial Technique business area provides industrial power
tools, assembly systems, quality assurance products, software and services
through a global network. It innovates for sustainable productivity for
customers in the automotive and aerospace industries, industrial manufacturing
and maintenance, and in vehicle service. Principal product development and
manufacturing units are located in Sweden, France and Japan.
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