Atlas Copco to acquire Klingel Joining Technologies

Atlas Copco has agreed to acquire the assets of Klingel Joining Technologies, a German company specializing in flow drill technology for the automotive industry. The business had revenues of approximately €8.5 million in 2017 and 23 employees will join Atlas Copco. The acquisition is expected to close in Q2 2018.

“The acquisition will broaden Atlas Copco’s offering in joining technologies and also give us access to automated screw feeding equipment and automation expertise for the automotive industry.”atlascopcogroup.com

• 2 sources
• atlascopcogroup.comAtlas Copco to acquire German joining technology business for the global automotive industryMar 6, 2018
• prnewswire.comAtlas Copco to acquire German joining technology business for global automotive industryAtlas CopcoMar 6, 2018

Summarized from public sources; check the original articles before acting on it.