STOCKHOLM Atlas Copco
has agreed to acquire the assets of Saltus-Werk Max Forst GmbH
, a manufacturer of mechanical and electric torque solutions based in Germany.
Founded in 1919, Saltus has about 65 employees and manufactures and sells a wide range of products for quality assurance in tightening, including mechanical, mechatronic and electronic wrenches, as well as special sockets. Saltus has a strong customer base primarily in the German automotive industry, and it has a big potential globally, Atlas Copco said.
“Quality demands from industrial manufacturers are steadily increasing and this acquisition strengthens our position in quality assurance,” said Mats Rahmström, business area president for Atlas Copco Industrial Technique. “It extends our product and service offers to the motor vehicle segment and general industry, and ensures we become a more complete supplier of torque wrenches within quality assurance.”
The acquired business will become part of the MVI Tools and Assembly Systems division within Atlas Copco’s Industrial Technique business area. The acquisition is expected to close before the end of May.