Atlas Copco AB ser. B
Atlas Copco AB ser. A
Atlas Copco: Atlas Copco to acquire German joining technology business for the global automotive industry
Stockholm, Sweden, March 6, 2018: Atlas Copco, a leading provider of
sustainable productivity solutions, has agreed to acquire the assets
of Klingel Joining Technologies. The company specializes in flow
drill technology, a joining method used in the automotive industry.
Klingel Joining Technologies is based near Munich in Germany and is
one of three business units of Klingel GmbH. The business had
revenues of approximately MEUR 8.5 (MSEK 82) in 2017 and 23 employees
are joining Atlas Copco.
Flow drill technology is a mechanical joining method used for aluminum
and mixed material applications.
The usage of new materials has spurred the development and usage of a
number of innovative joining methods, said Henrik Elmin, Business
Area President Industrial Technique. The acquisition will broaden
Atlas Copcos offering in joining technologies and also give us
access to automated screw feeding equipment and automation expertise
for the automotive industry.
The purchase price is not material relative to Atlas Copcos market
capitalization and is not disclosed. The acquired business will
become part of Atlas Copcos Industrial Assembly Solutions division
in the Industrial Technique business area.
The acquisition is subject to regulatory approvals and is expected to
be completed during the second quarter of 2018.
For more information please contact:
Henrik Elmin, Business Area President, Industrial Technique
+46 8 743 93 35
Sara Liljedal, Media Relations Manager
+46 8 743 80 60 or +46 72 144 1038
Atlas Copco is a world-leading provider of sustainable productivity
solutions. The Group serves customers with innovative compressors,
vacuum solutions and air treatment systems, construction and mining
equipment, power tools and assembly systems. Atlas Copco develops
products and services focused on productivity, energy efficiency,
safety and ergonomics. The company was founded in 1873, is based in
Stockholm, Sweden, and has a global reach spanning more than 180
countries. In 2017, Atlas Copco had revenues of BSEK 116 (BEUR 12)
and about 47 000 employees. Learn more at www.atlascopcogroup.com