STOCKHOLM — Atlas Copco has signed an agreement to acquire the German adhesive equipment manufacturer SCA Schucker.
SCA Schucker manufactures adhesive and sealant equipment, a relatively large niche segment with few global specialized players, according to Atlas Copco. The market is expanding rapidly due to the increasing use of lightweight materials in automotive and other industries. The company, which is privately held, had sales of MEUR 65 (MSEK 600) in 2010 and about 280 employees.
Atlas Copco said the acquisition offers the company an opportunity to expand in a fast-growing market segment, with state-of-the art technology.
“SCA Schucker is a great fit with Atlas Copco, with products and specialized know-how that complements our current product portfolio very well,” said Mats Rahmström, president of Atlas Copco’s Industrial Technique business area. “As we have the same base of customers with assembly operations as SCA Schucker, but with worldwide sales and service coverage, we see great opportunities in this key growth area. We look forward to working with this new assembly technology to raise our customers’ productivity.”
A reputable supplier to European automotive manufacturers, SCA Schucker’s headquarters and manufacturing operations are located in Bretten, Germany. The company has sales and service operations in England, France, Spain, the U.S., Brazil, Mexico, Korea, Japan and China. The brand name SCA Schucker will be kept and the company will operate as a separate business line within Industrial Technique’s Motor Vehicle Industry division.
The acquisition of SCA Schucker also offers Atlas Copco Industrial Technique potential for expansion in a number of its General Industry division customer segments, including aerospace, white goods, solar equipment and wind power.
The acquisition, subject to certain governmental approvals, is expected to close in the fourth quarter.
