M&A Deal Summary

Atlas Copco Acquires Phillip-Tech Co.

On November 24, 2016, Atlas Copco acquired machinery company Phillip-Tech Co.

Acquisition Highlights
  • This is Atlas Copco’s 53rd transaction in the Machinery sector.
  • This is Atlas Copco’s 8th transaction in China.

M&A Deal Summary

Date 2016-11-24
Target Phillip-Tech Co.
Sector Machinery
Buyer(s) Atlas Copco
Deal Type Add-on Acquisition

Target

Phillip-Tech Co.

Beijing, China
Phillip-Tech (Beijing) Co., Ltd. is a seller of self-pierce riveting products and solutions.

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Buyer(S) 1

Buyer

Atlas Copco

Nacka, Sweden

Category Company
Founded 1873
Sector Machinery
Employees55,248
Revenue 176.8B SEK (2024)
DESCRIPTION
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.
Entrance to an Atlas Copco facility in Rock Hill, South Carolina.

Atlas Copco is a diversified industrial group, a manufacturer of compressors, expanders, and air treatment systems, construction and mining equipment, power tools, and assembly systems. Atlas Copco was founded in 1873 and is based in Nacka, Sweden.


DEAL STATS #
Overall 91 of 176
Sector: Machinery M&A 53 of 91
Type: Add-on Acquisition M&A Deals 65 of 142
Country: China M&A 8 of 11
Year: 2016 M&A 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Leybold

Cologne, Germany

Leybold GmbH is a vacuum technology company offering vacuum components, standardized and fully customized vacuum solutions, complemented by vacuum technology accessories and instrumentation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Air Power of Nebraska

Omaha, Nevada, United States

Air Power of Nebraska, Inc. sells, installs and services compressed air products and related systems.

Buy -