Atlas Copco to acquire German torque wrench maker
Stockholm, Sweden, April 12, 2013: Atlas Copco has agreed to acquire the assets of Saltus-Werk Max Forst GmbH, a manufacturer of mechanical and electric torque solutions based in Germany.
Founded in 1919, Saltus has about 65 employees and had revenues in 2012 of about MEUR 8 (MSEK 70). The company manufactures and sells a wide range of products for quality assurance in tightening, including mechanical, mechatronic and electronic wrenches as well as special sockets.
Saltus has a strong customer base primarily in the German automotive industry, and it has a big potential globally.
“Quality demands from industrial manufacturers are steadily increasing and this acquisition strengthens our position in quality assurance,” said Mats Rahmström, Business Area President for Atlas Copco Industrial Technique. “It extends our product and service offers to the motor vehicle segment and general industry, and ensures we become a more complete supplier of torque wrenches within quality assurance.”
For more information about Saltus, see www.saltus.de. The acquired business will be part of the MVI Tools and Assembly Systems division within Atlas Copco’s Industrial Technique business area. The acquisition is expected to be closed before the end of May 2013.
For further information please contact:
Mats Rahmström, Business Area President, Industrial Technique
+46 (0)8 743 9350
Ola Kinnander, Media Relations Manager
+46 (0)8 743 8060 or +46 (0)70 347 2455
Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2012, Atlas Copco had 39 800 employees and revenues of BSEK 90.5 (BEUR 10.5). Learn more at www.atlascopco.com.
Atlas Copco’s Industrial Technique business area provides industrial power tools, assembly systems, quality assurance products, software and services through a global network. It 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.