Atlas Copco closes acquisition of German joining technology business for the global automotive industry
April 4, 2018
Stockholm, Sweden, April 4, 2018: Atlas Copco, a leading provider of sustainable productivity solutions, has closed the acquisition of the assets of Klingel Joining Technologies. The company specializes in flow drill technology, a joining method used in the automotive industry.
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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 2017, Atlas Copco had revenues of BSEK 116 (BEUR 12) and about 47 000 employees.