Atlas Copco enters the fast-growing market for adhesive assembly products
Stockholm, Sweden, August 22, 2011: Atlas Copco Beteiligungs GmbH, Germany, has signed an agreement to acquire the German adhesive equipment manufacturer SCA Schucker. The acquisition offers Atlas Copco an opportunity to expand in a fast-growing market segment, with state-of-the art technology.
SCA Schucker manufactures adhesive and sealant equipment, a relatively large niche segment with few global specialized players. The market is expanding fast due to the increasing use of lightweight materials in the automotive and other industries. The company, which is privately held, had sales of MEUR 65 (MSEK 600) in 2010 and about 280 employees. See www.sca-schucker.de for more. The acquisition is subject to certain governmental approvals and is expected to close in the fourth quarter.
“SCA Schucker is a great fit with Atlas Copco, with products and specialized know-how that complements our current product portfolio very well,” says Mats Rahmström, President of Atlas Copco’s business area Industrial Technique. “As we have the same base of customers with assembly operations as SCA Schucker, but with worldwide sales and service coverage, we see great opportunities in this key growth area. We look forward to working with this new assembly technology to raise our customers’ productivity.”
A reputable supplier to European automotive manufacturers, SCA Schucker’s headquarters and manufacturing operation are located in Bretten, Germany. The company has own sales and service operations in England, France, Spain, USA, Brazil, Mexico, Korea, Japan and China. The brand name SCA Schucker will be kept.
The company will operate as a separate business line within the business area Industrial Technique’s Motor Vehicle Industry division. The acquisition of SCA Schucker also offers Atlas Copco Industrial Technique potential for expansion in a number of its General Industry division customer segments, including aerospace, white goods, solar equipment and wind power.
For further information please contact:
Mats Rahmström, Business Area President, Industrial Technique
+46 (0)8 743 8505 or +46 (0)70 889 9350
Mattias Olsson, Vice President Investor Relations
+46 (0)8 743 8295 or +46 (0)72 729 8295
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 2010, Atlas Copco had 33 000 employees and revenues of BSEK 70 (BEUR 7.3).
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.