By Sarah Sloat

Atlas Copco AB said on Tuesday that it acquired the assets of NATEV GmbH, a German company specializing in technology used in auto-industry production.

Financial details weren't disclosed. The Swedish industrial tool maker said NATEV had 2019 sales of about one million euros ($1.2 million) and 2020 sales of about half that.

NATEV makes hardware and software that track and document defined steps in auto production and guard against errors.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

August 31, 2021 03:17 ET (07:17 GMT)

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