STOCKHOLM--(BUSINESS WIRE)--Atlas Copco (STO:ATCOA)(STO:ATCOB) , a leading provider of sustainable productivity solutions, has agreed to acquire Kalibriercentrum Bayern, which specializes in calibration services.
Kalibriercentrum Bayern, which is headquartered near Munich with an additional laboratory in Kiel, Germany, has 27 employees and annual revenue of about MEUR 3 (MSEK 28). The privately-owned company provides laboratory and field calibration and related services to customers in such industries as motor vehicle manufacturing and aerospace.
“With this acquisition we will expand our service offering to industrial customers, initially in Germany and later in other markets,” said Mats Rahmström, President for Atlas Copco’s Industrial Technique business area. “It will give us the opportunity to serve our customers even better and further help them increase their productivity.”
The acquired company will become part of the Service division in Atlas Copco’s Industrial Technique business area.
The acquisition is expected to be finalized during the first quarter of 2015.
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 service 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 2014, Atlas Copco had revenues of BSEK 94 (BEUR 10.3) and more than 44 000 employees. Learn more at www.atlascopco.com.
Atlas Copco’s Industrial Technique business area provides industrial power tools and systems, industrial assembly solutions, quality assurance products, software and service through a global network. The business area innovates for sustainable productivity for customers in the automotive and general industries, maintenance and vehicle service. Principal product development and manufacturing units are located in Sweden, Germany, the United States, United Kingdom, France and Japan.
This information was brought to you by Cision http://news.cision.com