Swedish manufacturer Atlas Copco, (STO: ATCOA, ATCOB), Nacka, Sweden, agreed to acquire calibration specialist Kalibriercentrum Bayern, headquartered near Munich with an additional laboratory in Kiel, Germany. Terms were not disclosed.
Kalibriercentrum Bayern has 27 employees and annual revenue of SEK 28 million (US$3.4 million). The acquisition is expected to be finalized during the first quarter of 2015.
“With this acquisition we will expand our service offering to industrial customers, initially in Germany and later in other markets,” said Mats Rahmström, president for Atlas Copco’s industrial technique business area.