Atlas Copco is to acquire the assets of Klingel Joining Technologies, which specializes in flow drill technology, a joining method used in the automotive industry.
Klingel Joining Technologies is based near Munich in Germany and is one of three business units of Klingel GmbH. The business had revenues of approximately 8.5m euro in 2017 and 23 employees will join Atlas Copco.
Flow drill technology is a mechanical joining method used for aluminum and mixed material applications.
Henrik Elmin, Business Area President Industrial Technique at Atlas Copco, said: “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.”
The acquired business will become part of Atlas Copco’s Industrial Assembly Solutions division in the Industrial Technique business area.
The acquisition is subject to regulatory approvals and is expected to be completed during the second quarter of 2018.