Atlas Copco completes acquisition of self-pierce riveting business
Stockholm, Sweden, Sept. 10, 2014: Atlas Copco, a leading provider of sustainable productivity solutions, has closed the acquisition of all entities of self-pierce riveting specialist Henrob with main facilities in the U.S. and the U.K. The acquisition offers Atlas Copco an opportunity to expand in a fast-growing market segment with state-of-the art technology.
Henrob is a pioneer and market leader in self-pierce riveting, a mechanical fastening process for joining two or more sheets of material where welding is difficult, e.g. aluminum. The company, which was privately owned, had revenues of MUSD 162 (MSEK 1 063) in a 12 months period ending June 2014 and about 400 employees. Atlas Copco announced August 13, 2014 that it had agreed to acquire Henrob.
For further information please contact:
•Mats Rahmström, Business Area President, Industrial Technique +46 (0)8 743 8505
•Ola Kinnander, Media Relations Manager +46 (0)8 743 8060 or +46 (0)70 347 2455
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 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees.
Atlas Copco’s Industrial Technique business area provides industrial power tools, assembly systems, quality assurance products, software and service through a global network. The business area 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.