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June 14, 2016
Stockholm, Sweden, June 14, 2016: Atlas Copco, a leading provider of sustainable productivity solutions, has completed the acquisition of Bondtech, a Swedish supplier of dispensing equipment for adhesives and sealants used by automotive manufacturers.
Bondtech was a division within Teamster AB, based in Gothenburg, Sweden, which produces and sells adhesive and sealant dispensing equipment used by automotive manufacturers. Bondtech has 12 employees and had revenues in 2015 of about MSEK 32 (MUSD 3.8).
Atlas Copco announced on June 7, 2016 the agreement to acquire Bondtech.
The parties have agreed not to disclose the purchase price. The acquired business becomes part of the Industrial Assembly Solutions division in Atlas Copco’s Industrial Technique business area.
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 2015, Atlas Copco had revenues of BSEK 102 (BEUR 11) and more than 43 000 employees.
Atlas Copco’s Industrial Technique business area provides industrial power tools and systems, industrial assembly solutions, quality assurance products, software and service through a global network. The business area innovates for sustainable productivity for customers in the automotive and general industries, maintenance and vehicle service. Principal product development and manufacturing units are located in Sweden, Germany, the United States, United Kingdom, France, Japan and Hungary.