Scheugenpflug will operate as an independent company within Atlas Copco’s Industrial Assembly Solutions (IAS) division.
Scheugenpflug AG recently announced that it has signed an agreement to be acquired by Sweden-based Atlas Copco Group. Atlas Copco’s products and services include compressors and vacuum solutions, as well as generators, power tools, assembly systems, dispensing and joining solutions, and related services. Atlas Copco currently employs approximately 37,000 people and supports customers in over 180 countries.
In the future, Scheugenpflug will operate as an independent company within Atlas Copco’s Industrial Assembly Solutions (IAS) division. The existing management will continue to drive Scheugenpflug’s business, and the brand name will remain. The acquisition is subject to regulatory approval and is expected to be completed in the first quarter of 2020.