Atlas Copco closes acquisition of German joining technology business for the global automotive industry
Stockholm, Sweden, April 4, 2018: Atlas Copco, a leading provider of sustainable productivity solutions, has closed the acquisition of the assets of Klingel Joining Technologies. The company 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 MEUR 8.5 (MSEK 82) in 2017 and 23 employees are joining Atlas Copco.Atlas Copco announced on March 6, 2018 that it had agreed to acquire the assets of Klingel