Atlas Copco Completes Acquisition of Synatec
STOCKHOLM -- October 14, 2013
Atlas Copco (STO:ATCOA)(STO:ATCOB), a leading provider of sustainable
productivity solutions, has closed the acquisition of Synatec, 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). The
acquired business is now part of Atlas Copco’s MVI Tools and Assembly Systems
division in the Industrial Technique business area. Atlas Copco announced on
September 20, 2013, that it had agreed to purchase Synatec.
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 / +46 (0)70 347 2455
Press spacebar to pause and continue. Press esc to stop.