Atotech expands its software capabilities
August 03 2020 - 3:00AM
Today, Atotech, a leading global provider of specialty
surface-finishing solutions, announced it has signed a definitive
agreement to acquire Visutech Plating (“Visutech”), along with
certain assets from its partner company, koenig-pa GmbH (“KPA”).
Visutech Plating is a leading developer of process control and
automation systems software used in electroplating and chemical
treatment equipment, including many produced by Atotech. The
transaction is anticipated to close by the end of August 2020.
Terms of the transaction were not disclosed.
This acquisition is part of Atotech’s strategy to expand its
digitalization capabilities, speed up product development time,
build its software-based business model, and become an even more
important solutions provider to its customers. By more closely
embedding software with hardware, Atotech can enhance the customer
experience through increased production quality, efficiency, and
system availability, while simultaneously reducing cost and
risk. Atotech also plans to develop new software solutions
that will deliver further value to our customers.
Geoff Wild, Atotech’s CEO, said, “I am
delighted to welcome the Visutech team to the Atotech family. The
addition of in-house industrial software capabilities will better
enable us to control our destiny and quickly develop data-driven
business models in equipment, which are becoming increasingly
important in our marketplace and a key differentiator. In fact,
Atotech will be the only company in our industry who is capable of
supplying equipment, software solutions, chemistry, and full
technical support on a global scale. This deal will help
Atotech maintain its leading edge by delivering an enhanced
customer experience.”
KPA’s and Visutech’s more than 30 year history of IT and
automation expertise has made them a valuable Atotech partner, with
decades of embedded cooperation. As part of the transaction, it is
expected that 66 employees will join the Atotech team.
The integration of Visutech Plating into Atotech should be
seamless as locations, functions, and workstreams will remain
largely unchanged. The integration will be further supported
by Manfred and Larissa Koenig, the founders of KPA and Visutech,
who will become full-time consultants to ensure commercial and
technical experience remains uninterrupted.
Contacts
Paul Goldberg+1 803 504 4731paul.goldberg@atotech.com
Susanne Richter+49 30 349 85 418press@atotech.com
About Atotech
Atotech is a global leader in surface-finishing solutions.
Through a comprehensive systems-and-solutions approach, the company
delivers chemistry, equipment, and service to support diverse
industries such as consumer electronics, especially mobile devices
and computing; global automotive; communication infrastructure; and
many other industrial end-markets. Atotech’s relentless R&D
efforts and global TechCenter presence allows it to deliver
pioneering and sustainable products combined with unparalleled
on-site customer support – making Atotech a critical partner to
over 8,000 customers worldwide.
Atotech, headquartered in Berlin, Germany, is a team of 4,000
experts in over 40 countries generating annual revenues of
$1.2 billion (2019). Atotech has manufacturing operations
across Europe, the Americas, and Asia.
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