Atlas Copco to acquire joining technology firm for automotive industry

Atlas Copco is to acquire the assets of Klingel Joining Technologies, that specializes in flow drill technology, a joining way used in the automotive industry. Klingel Joining Technologies is based near Munich in Germany & is 1 of 3 business units of Klingel GmbH. The business had revenues of approximately eight.5m euro in 2017 & 23 employees going to join Atlas Copco. Flow drill technology is a mechanical joining way used for aluminum & mixed material applications. Henrik Elmin, Business ambit President Industrial Technique at Atlas Copco, said: "The acquisition going to broaden Atlas Copco's offering in joining technologies & too give America access to automated screw feeding tools & automation expertise for the automotive industry."The acquired business going to become portion of Atlas Copco's Industrial Assembly resolution division in the Industrial Technique business ambit.

Algeria shifts automotive industry focus to vehicle portions manufacturing

Yousfi slammed vehicle assembly lines with foreign industrialists as a "deception" & "disguised vehicle imports." The Ministry of Industry plans to limit the vehicle assembly business to a few foreign industrialists to lower importation bills & stimulate development of the automotive components industry. "Our objective isn't the automotive assembly activity, even if it is a needful phase from that to begain. At least 40 foreign vehicle & other vehicle industrialists have demanded permits to join great vehicle industrialists Renault, Peugeot & Volkswagen to unlock assembly plants in Algeria, the Industry Ministry said. "This is the value we must pay to launch a true & competitive automotive industry.

Atlas Copco to acquire German joining technology business for universal automotive industry

as declared in "The acquisition going to broaden Atlas Copco's offering in joining technologies & too give America access to automated screw feeding tools & automation expertise for the automotive industry." The buy value isn't material relative to Atlas Copco's market capitalization & isn't disclosed. The acquired business going to become portion of Atlas Copco's Industrial Assembly resolution division in the Industrial Technique business ambit. Atlas Copco develops products & services focused on productivity, energy efficiency, security & ergonomics. In 2017, Atlas Copco had revenues of BSEK 116 (BEUR twelve) & about 47 000 employees.

collected by :Catlin Logan