Atlas Copco Continues Acquisition Sprint
Atlas Copco Gas has been acquiring company after company over the last few months. And it recently added two more. The most recent one being Soft2tec, a German company that manufactures and delivers camera-based tracking systems used for operator guidance in the automotive, aerospace, and general industries. The products increase quality in production and are sold under the brand name Nexonar.
Soft2tec GmbH is a privately owned company based in Rüsselsheim am Main, Germany, and has 38 employees. The acquired business will become part of the Desoutter Business Line within the Chicago Pneumatic Tools division which is part of the Industrial Technique Business Area.
“Tracking systems in combination with data collection helps our customers improve production quality and productivity”, said Henrik Elmin, Business Area President, Industrial Technique, Atlas Copco. “The Nexonar products are complementary to our current offering and will strengthen our portfolio within smart manufacturing”.
The second acquisition is HHV Pumps, founded in 2009 and based in Bengaluru, India. With 151 employees, HHV Pumps is a provider of vacuum pumps used for chemical and pharmaceutical industries, electrical power equipment, general industry, and rotary vane pumps used for manufacturing refrigeration and air-conditioning. The acquired business becomes part of the Industrial Vacuum Division within the Vacuum Technique Business Area.
These follow several acquisitions in the latter half of 2021. Among them, Atlas Copco acquired AEP, a French distributor of compressors and provider of service. It becomes part of the Service division within the Compressor Technique Business Area.
