Atlas Copco to acquire German joining technology business
Klingel Joining Technologies specialises in flow drill technology
Atlas Copco has announced that it will acquire the assets of Klingel Joining Technologies, which specialises in flow drill technology, a joining method used in the automotive industry.
Flow drill technology is a mechanical joining method used for aluminium and mixed material applications. The acquired business will become part of Atlas Copco’s industrial assembly solutions division in its industrial technique business area. The acquisition is subject to regulatory approvals and is expected to be completed during the second quarter of 2018.
Henrik Elmin, business area president, industrial technique, said: "The acquisition will broaden Atlas Copco's offering in joining technologies and also give us access to automated screw feeding equipment and automation expertise for the automotive industry."