Atlas Copco Completes Acquisition of Synatec
Atlas Copco has closed the acquisition of Synatec, which provides quality improvement solutions mainly to the automotive industry.
Synatec, based near Stuttgart, Germany, provides products and solutions to improve flexibility and quality for manufacturing companies’ workplace operations, operator guidance, as well as data collection and analysis. The company has 120 employees and had revenue in 2012 of MEUR 12 (MSEK 105).
The acquired business is now part of Atlas Copco’s MVI Tools and Assembly Systems division in the Industrial Technique business area. Atlas Copco announced on September 20, 2013, that it had agreed to purchase Synatec.