Atlas Copco Buys German Manufacturer of Camera-Based Tracking Systems
January 24 2022 - 4:44AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish industrial group Atlas Copco AB said Monday
that it has acquired Soft2tec GmbH, a German manufacturer of
camera-based tracking systems used for operator guidance in the
automotive, aerospace and general industries.
Soft2tec GmbH is privately owned and based in Russelsheim am
Main, Germany. It has 38 employees and in 2020 reported revenue of
around 1.87 million euros ($2.1 million).
The purchase price isn't material relative to Atlas Copco's
market capitalization and wasn't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
January 24, 2022 04:29 ET (09:29 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Atlas Copco (PK) (USOTC:ATLKY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Atlas Copco (PK) (USOTC:ATLKY)
Historical Stock Chart
From Apr 2023 to Apr 2024
