Atlas Copco acquires assembly solutions expert
Synatec to be part of Atlas Copco’s MVI Tools and Assembly Systems division
Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire Synatec GmbH, 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).
“Synatec plays a key role in enabling automotive companies’ ambition for more flexible manufacturing with faster time-to-market for new car models as well as increased quality demands,” said Mats Rahmström, Business Area President for Atlas Copco Industrial Technique. “This acquisition fits well with our strategy to strengthen the portfolio of productivity solutions that we offer to the automotive and other manufacturing industries.”
Synatec’s legal owner will be Atlas Copco Holding GmbH in Germany. Synatec will be part of Atlas Copco’s MVI Tools and Assembly Systems division in the Industrial Technique business area. The acquisition is expected to be finalized during the fourth quarter 2013.
About the Author
Ola Kinnander is the Media Relations Manager for Atlas Copco.