STOCKHOLM–(BUSINESS WIRE)–Atlas Copco U.K. Holding Ltd. (STO:ATCOA)(STO:ATCOB), Atlas Copco North America LLC and Atlas Copco Asia Pacific Pty Ltd. have signed an agreement to acquire all entities of self-pierce riveting specialist Henrob with main facilities in the U.S. and the U.K. The acquisition offers Atlas Copco an opportunity to expand in a fast-growing market segment, with state-of-the art technology.
“Henrob is a strategic fit in our portfolio of adjacent fastening technologies for the automotive industry”
Henrob is a pioneer and market leader in self-pierce riveting, a mechanical fastening process for joining two or more sheets of material where welding is difficult, e.g. aluminum. The company, which is privately owned, had revenues of MUSD 162 (MSEK 1 063) in a 12 months period ending June 2014 and about 400 employees. The acquisition is subject to certain governmental approvals and is expected to close in the third quarter 2014.(…)
via Atlas Copco To Acquire Self-Pierce Riveting Business | Business Wire.