Atlas Copco has acquired Synatec, a German provider of manufacturing solutions, to enhance its Industrial Technique division and capitalize on growth opportunities in the sector.
Target Company Overview
Synatec, located near Stuttgart, Germany, specializes in enhancing workplace operations, operator guidance, and data collection and analysis for manufacturing companies. Established employment levels total around 120 staff members. In 2012, Synatec reported revenue of MEUR 12 (equivalent to MSEK 105), showcasing its ability to generate a steady income within the industrial sector. The company has been recognized for its innovative products and solutions that help improve flexibility and quality in manufacturing processes.
As part of a strategic move, Synatec has been integrated into Atlas Copco's MVI Tools and Assembly Systems division, which is a segment of the larger Industrial Technique business area. This acquisition, announced on September 20, 2013, allows for the leveraging of Atlas Copco’s resources and distribution networks to further develop Synatec's products and market presence.
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Industry Overview in Germany
Germany's manufacturing industry remains a global powerhouse, known for its advanced engineering, quality products, and strong export orientation. With a focus on innovation and technological advancements, the industry has continually adap
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Disclosed details
Revenue: $16M