Atlas Copco acquires German industrial tool company
August 28, 2006
Stockholm, Sweden, August 28, 2006: Atlas Copco Holding GmbH, Germany, has acquired the industrial tool manufacturer, Microtec Systems GmbH, Germany. Microtec Systems reported an annual turnover of approximately MSEK 18 (MEUR 2) in 2005 and it has 18 employees.
Microtec Systems (Microtec), based south of Stuttgart, Germany, specializes in advanced electric tightening tools for small screw applications. The main customer group is the electronics industry. Microtec’s products are complementary to Atlas Copco’s range of industrial tools and assembly systems, and have mainly been sold on selected markets. By adding Atlas Copco’s worldwide channels to market, the business is expected to grow significantly. “The electronics industry is growing fast and is an important customer segment for us. Through the acquisition we will be able to offer these, and other customers, the widest and most competitive product range,” says Fredrik Möller, Business Area President, Atlas Copco Industrial Technique. Microtec will be part of the Atlas Copco Tools and Assembly Systems General Industry division within the Industrial Technique business area. It will operate under the Atlas Copco and Microtec brands.
For further information please contact:
- Fredrik Möller, Business Area President, Industrial Technique +46 (0)8 743 95 92 or +46 (0)70 555 95 92
- Mattias Olsson, Investor Relations Manager +46 (0)8 743 8291 or +46 (0)70 518 8291
Atlas Copco is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with more than 130 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 150 markets. In 2005, Atlas Copco had 27 000 employees and revenues of BSEK 53 (MEUR 5 600). Atlas Copco Tools and Assembly Systems General Industry is a division within Atlas Copco’s Industrial Technique business area. It markets hand-held electric and pneumatic tools, assembly systems, software and services to customers worldwide within general engineering, aerospace, appliance and consumer electronics, transport, power and energy equipment. The division is headquartered in Stockholm, Sweden.