Atlas Copc is to acquire Henrob, a manufacturer of self-pierce riveting systems and rivets especially for the automotive industry.
As part of the transaction Atlas Copco intends to acquire all entities of Henrob with main facilities in the US and the UK.
The transaction is subject to customary closing conditions including merger control clearances from the competent competition authorities.
Partner Dr Christian Haellmigk at CMS Hasche Sigle in Stuttgart is leading the competition team which advises Atlas Copco in Germany. The team also coordinates the corresponding merger control procedures in Austria (CMS Reich-Rohrwig Hainz) and the US (Drinker Biddle & Reath).
Haellmigk has advised the Swedish group on many occasions in competition matters, most recently on the acquisition of the UK-based Edwards Group, a supplier of vacuum and abatement solutions, with approximately 3,200 employees worldwide and an annual turnover equivalent to approximately EUR800m.
The Atlas Copco Group offers products and services that range from compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems to related aftermarket and rental. With more than 40,000 employees in 2013 the turnover of the group amounted nearly to the equivalent of approximately EUR10bn.
