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June 7, 2016
Stockholm, Sweden, June 7, 2016: Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire Bondtech, a Swedish supplier of dispensing equipment for adhesives and sealants used by automotive manufacturers.
Bondtech is 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).
“Adhesives are an assembly technology of the future that is increasingly embraced by the automotive industry,” said Mats Rahmström, President of Atlas Copco’s Industrial Technique business area. “Bondtech’s team has great expertise and a strong presence in the Nordic market.”
Adhesives are increasingly used by automotive manufacturers that want to use mixed materials instead of steel to make the vehicles more fuel efficient. Traditional welding can be difficult with the lighter materials, opening up for alternative assembly technologies. Bondtech’s technology is similar to that of Atlas Copco SCA, a market leader in this field.
The acquisition is expected to be completed during the second quarter.
The parties have agreed not to disclose the purchase price. The acquired business will become 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.