Atlas Copco completes acquisition of Chinese self-pierce riveting solutions business
Stockholm, Sweden, November 24, 2016: Atlas Copco, a leading provider of sustainable productivity solutions, has completed the acquisition of the self-pierce riveting business of Phillip-Tech (Beijing) Co., Ltd.Based in Beijing, with a sales and engineering site in Shanghai, Phillip-Tech has 45 employees. The company sells self-pierce riveting products and solutions designed and produced by Atlas Copco-owned Henrob, a market leader for this innovative joining technology that the Group acquired in 2014. Phillip-Tech’s customers include several major automotive manufacturers.Atlas Copco