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Atlas Copco Completes Acquisition of Synatec - Atlas Copco, a leading provider of sustainable productivity solutions, has closed the acquisition of Synatec, which provides quality improvement solutions mainly to the automotive industry - AtlasCopco.com
Atlas Copco Completes Acquisition of Synatec

 

NewswireToday - /newswire/ - Stockholm, Sweden, 2013/10/14 - Atlas Copco, a leading provider of sustainable productivity solutions, has closed the acquisition of Synatec, which provides quality improvement solutions mainly to the automotive industry - AtlasCopco.com.

   
 
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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.

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.

 
 
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Written by / Agency / Source: Atlas Copco AB

 
 

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Atlas Copco Completes Acquisition of Synatec

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Atlas Copco | Synatec
Publisher Contact: Ola Kinnander - AtlasCopco.com 
+46(0)8 743 8060 /+46(0)70 347 2455 media[.]se.atlascopco.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Atlas Copco AB securities in any jurisdiction including any other companies listed or named in this release.

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