ETS Georges Renault S.A.S., France, a subsidiary of Atlas Copco, Stockholm, Sweden, has acquired Seti-Tec S.A.S., a French manufacturer of advanced drilling equipment for the aerospace industry. The company had revenues of MEUR 4.4 (US$5.9 million) in 2010.
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Seti-Tec has been added to the Chicago Pneumatic Tool division within the Industrial Technique business area.
Atlas Copco’s Industrial Technique business area provides industrial power tools, assembly systems, quality assurance products, software and services to the automotive and aerospace industries, industrial manufacturing and maintenance, and in vehicle service.