Atlas Copco to Acquire German Supplier of Dispensing Solutions
With Scheugenpflug, Atlas Copco is bringing new solutions into the company, including the potting of electronic components. In the picture, rain sensors for the automotive industry are sealed with cast resin for protection. (Image source: Scheugenpflug)
Scheugenpflug AG has more than 600 employees and is based in Neustadt an der Donau near Munich. In 2018, Scheugenpflug AG had revenues of approximately 80 MEUR (MSEK 850). Scheugenpflug specializes in highly automated system solutions such as dispensing cells and vacuum potting chambers.
"The acquisition of Scheugenpflug AG, a successful company with experienced employees, will strengthen our position in industrial dispensing solutions. Their solutions are used mainly for components used in the automotive, medical and machinery industries" said Henrik Elmin, Business Area President Industrial Technique. "The acquisition will complement and broaden our offering towards a larger group of customers".
The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. 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 first quarter 2020.
Source: Atlas Copco AB