NewswireToday - /newswire/ -
Stockholm, Sweden, 2013/09/20 - Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire Synatec GmbH, which provides quality improvement solutions mainly to the automotive industry - AtlasCopco.com.
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.
For further information please contact:
Mats Rahmström, Business Area President, Industrial Technique +46 (0)8 743 8505
Atlas Copco (atlascopco.com) 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 BSEK 90.5 (BEUR 10.5).
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.