Swedish industrial manufacturer Atlas Copco on Tuesday announced it has acquired NATEV GmbH, Borken, Germany. Financial terms of the deal weren’t disclosed.
Founded in 2010, NATEV specializes in position solutions for assembly tools used in industrial production. The company has 10 employees, and in 2020 it posted sales of €0.5 million (US$0.6 million).
“Through NATEV’s solutions we will be able to expand our offering of positioning solutions,” said Henrik Elmin, business area president industrial technique, “This is an important technology to enable flexible production in line with the Industry 4.0 vision”.
The business will be integrated into the MVI tools and assembly systems division in the industrial technique business area.