# 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.

- Type: Acquisition
- Announced: 2018-03-06
- Where: near Munich, Germany
- Value: $10.5M (8.50M EUR)
- Jobs: 23
- Status: announced
- Products: flow drill technology, automated screw feeding equipment
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Atlas Copco](https://endata.com/companies/505.md) (acquirer)
- [Klingel Joining Technologies](https://endata.com/companies/18359.md) (target)

## Sources

- [atlascopcogroup.com](https://www.atlascopcogroup.com/en/media/press-releases/2018/20180306-acquisition-klingel), 2018-03-06: "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."
- [prnewswire.com](https://www.prnewswire.com/news-releases/atlas-copco-to-acquire-german-joining-technology-business-for-global-automotive-industry-300609247.html), 2018-03-06: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.