Atlas Copco Acquires Assembly Solutions Expert
STOCKHOLM -- September 20, 2013
Atlas Copco (STO:ATCOA)(STO:ATCOB), a leading provider of sustainable
productivity solutions, has agreed to acquire Synatec GmbH, which provides
quality improvement solutions mainly to the automotive industry.
Synatec, based near Stuttgart, Germany, provides products and solutions to
improve flexibility and quality for manufacturing companies’ workplace
operations, operator guidance, as well as data collection and analysis. The
company has 120 employees and had revenue in 2012 of MEUR 12 (MSEK 105).
“Synatec plays a key role in enabling automotive companies’ ambition for more
flexible manufacturing with faster time-to-market for new car models as well
as increased quality demands,” said Mats Rahmström, Business Area President
for Atlas Copco Industrial Technique. “This acquisition fits well with our
strategy to strengthen the portfolio of productivity solutions that we offer
to the automotive and other manufacturing industries.”
Synatec’s legal owner will be Atlas Copco Holding GmbH in Germany. Synatec
will be part of Atlas Copco’s MVI Tools and Assembly Systems division in the
Industrial Technique business area. The acquisition is expected to be
finalized during the fourth quarter 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.
This information was brought to you by Cision http://news.cision.com
Mats Rahmström, Business Area President, Industrial Technique
Ola Kinnander, Media Relations Manager
+46 (0)8743 8060 or +46 (0)70 347 2455
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