Stuttgart - Atlas Copco, a leading provider of sustainable productivity solutions with an annual turnover of approximately 12 billion euros in 2017, has agreed to acquire the assets of Klingel Joining Technologies. The company specializes in flow drill technology, a joining method used in the automotive industry.
CMS-Partner Dr. Christian Haellmigk is leading the competition team which advises Atlas Copco.
Klingel Joining Technologies is based near Munich in Germany and is one of three business units of Klingel GmbH. The business had revenues of approximately 8.5 million euros in 2017 and 23 employees are joining Atlas Copco. Flow drill technology is a mechanical joining method used for aluminum and mixed material applications.
The acquired business will become part of Atlas Copco’s Industrial Assembly Solutions division in the Industrial Technique business area. The acquisition is subject to regulatory approvals and is expected to be completed during the second quarter of 2018.
Dr. Christian Haellmigk, Lead Partner, Antitrust/Competition
Martin Cholewa, Senior Associate, Antitrust/Competition