Synatec

Oct 14, 2013

October 14, 2013 03:02 AM Eastern Daylight Time STOCKHOLM--( BUSINESS WIRE )--Atlas Copco (STO:ATCOA)(STO:ATCOB), a leading provider of sustainable productivity solutions, has closed the acquisition of Synatec, which provides quality improvement solutions mainly to the automotive industry. Synatec, based near Stuttgart, Germany, provides products and solutions to improve flexibility and quality for manufacturing companies’ workplace operations, operator guidance, as well as data collection and analysis. The company has 120 employees and had revenue in 2012 of MEUR 12 (MSEK 105). The acquired business is now part of Atlas Copco’s MVI Tools and Assembly Systems division in the Industrial Technique business area. Atlas Copco announced on September 20, 2013, that it had agreed to purchase Synatec. Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2012, Atlas Copco had 39 800 employees and revenues of BSEK 90.5 (BEUR 10.5). Learn more at www.atlascopco.com . Atlas Copco’s Industrial Technique business area provides industrial power tools, assembly systems, quality assurance products, software and services through a global network. It innovates for sustainable productivity for customers in the automotive and aerospace industries, industrial manufacturing and maintenance, and in vehicle service. Principal product development and manufacturing units are located in Sweden, France and Japan. This information was brought to you by Cision http://news.cision.com Contacts Mats Rahmström, Business Area President, Industrial Technique +46 (0)8 743 8505 Ola Kinnander, Media Relations Manager +46 (0)8 743 8060 / +46 (0)70 347 2455 Sharing