Asian Surveying & Mapping
Breaking News
China Launches Earth Observation Satellite Gaofen-13 02 for Remote Sensing
China on Friday sent a new Earth observation satellite...
ISRO to conduct young scientist programme in Bengaluru
The Indian Space Research Organisation (ISRO) is organising a...
Egypt launches second remote-sensing satellite from China
The Egyptian Space Agency’s CEO, Sherif Sedky, announced the...
Israeli-developed DRONE DOME to secure Dubai from aerial attacks
Rafael Advanced Defense Systems Ltd. is supplying the system...
China launches 2nd Horus remote-sensing satellite for Egypt (video)
China has launched a second remote-sensing satellite for Egypt,...
China obstructs new subsea cable to Taiwan
Southeast Asia-Japan Cable 2 connecting Japan, Taiwan, Hong Kong,...
Scientific collaboration between China and US key to tackling climate change, experts say
Efforts to combat climate change bore the brunt of...
ISRO Receives India-US Jointly Built NISAR Earth Observation Satellite, Begins Preparations For Launch
US space agency NASA has handed over NISAR earth...
ISRO conducts parachute deployment tests on rail tracks for Gaganyaan Mission
Indian Space Research Organisation (ISRO) has conducted Rail Track...
OceanX helps Riyadh boost best up-and-comers in GEOINT
The Saudi Space Commission has given OceanX the difficult...

January 25th, 2022
Atlas Copco has acquired German company specialized in tracking systems

Nacka, Sweden: Atlas Copco has acquired Soft2tec GmbH. The company manufactures and delivers camera-based tracking systems used for operator guidance in the automotive, aerospace and general industries. The products increase quality in production and are sold under the brand name Nexonar.

Soft2tec GmbH is a privately owned company based in Rüsselsheim am Main, Germany, and has 38 employees. In 2020 they had revenues of approximately MEUR 1.87 (19.5 MSEK) and in 2019 MEUR 2,6 (MSEK 27.5).

“Tracking systems in combination with data collection helps our customers improve production quality and productivity”, said Henrik Elmin, Business Area President Industrial Technique. “The Nexonar products are complementary to our current offering and will strengthen our portfolio within smart manufacturing”.

The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.

The acquired business will become part of the Desoutter Business Line within the Chicago Pneumatic Tools division which is part of the Industrial Technique Business Area.

For more information please contact:
Daniel Althoff, Vice President Investor Relations
+46 76 899 9597 
[email protected]

Sara Liljedal, Media Relations Manager
+46 72 144 1038
[email protected]

Atlas Copco Group
Our industrial ideas empower our customers to grow and drive society forward. This is how we create a better tomorrow. Atlas Copco is a global industrial group, founded in 1873 in Stockholm. In 2020 we had revenues of BSEK100 (BEUR 10) and at year end about 40 000 employees. For more information: www.atlascopcogroup.com