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August 22, 2011
Stockholm, Sweden, August 22, 2011: Atlas Copco Beteiligungs GmbH, Germany, has signed an agreement to acquire the German adhesive equipment manufacturer SCA Schucker. The acquisition offers Atlas Copco an opportunity to expand in a fast-growing market segment, with state-of-the art technology.
SCA Schucker manufactures adhesive and sealant equipment, a relatively large niche segment with few global specialized players. The market is expanding fast due to the increasing use of lightweight materials in the automotive and other industries. The company, which is privately held, had sales of MEUR 65 (MSEK 600) in 2010 and about 280 employees. See www.sca-schucker.de for more. The acquisition is subject to certain governmental approvals and is expected to close in the fourth quarter.
“SCA Schucker is a great fit with Atlas Copco, with products and specialized know-how that complements our current product portfolio very well,” says Mats Rahmström, President of Atlas Copco’s business area Industrial Technique. “As we have the same base of customers with assembly operations as SCA Schucker, but with worldwide sales and service coverage, we see great opportunities in this key growth area. We look forward to working with this new assembly technology to raise our customers’ productivity.”
A reputable supplier to European automotive manufacturers, SCA Schucker’s headquarters and manufacturing operation are located in Bretten, Germany. The company has own sales and service operations in England, France, Spain, USA, Brazil, Mexico, Korea, Japan and China. The brand name SCA Schucker will be kept.
The company will operate as a separate business line within the business area Industrial Technique’s Motor Vehicle Industry division. The acquisition of SCA Schucker also offers Atlas Copco Industrial Technique potential for expansion in a number of its General Industry division customer segments, including aerospace, white goods, solar equipment and wind power.