By acquiring division of Phillip-Tech, Atlas Copco expects to grow sales to more automakers.
Latest In Atlas Copco
Vacuum Technique will be the Swedish manufacturer's fifth business area.
Company plans to consolidate its mining equipment operations.
Scott Carnell replaces Erik Sparby as head of Construction Technique area.
Roxel Rental will join the specialty rental division in Atlas Copcos Construction Technique business.
Acquired business will become part of Atlas Copco's professional air division.
Acquisition expands company's presence in the Nordic region.
Acquisition will enhance company's offerings.

Building materials and construction distributors also busy with deals.
Company acquires compressor business of Kohler Druckluft.
Organic sales down 3 percent in first quarter.
Quincy Compressor buys industrial air compressor and ancillary systems distributor.
Acquisition of French distributor manufacturer strengthens company's portfolio.
Company closing two facilities and shifting production to Fort Loudon, PA.
Fourth quarter for the Swedish manufacturer dampened by inconsistent equipment demand.
Acquisition of Italian manufacturer strengthens company's portfolio.
Acquisition strengthens company's presence in the global vacuum market.
Company becomes part of Atlas Copco Compressors LLC.
Acquisition helps company grow its pump business.
