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|View ATLCY Detailed Price Forecast - CNN Money||View ATLCY Detailed Summary - Google Finance|
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Atlas Copco to buy cryogenics business from Brooks in $675 million deal
Posted on Monday August 27, 2018
Swedish compressor and vacuum pump maker Atlas Copco is buying U.S.-based Brooks Automation's cryogenic business in a $675 million cash deal to expand its vacuum technology portfolio, the companies said late on Monday. The deal is Atlas Copco's biggest since the 2014 acquisition of Britain's Edwards Group, the base for its current Vacuum Technique business area. The acquisition also includes Brooks Automation's 50 percent share of Ulvac Cryogenics, Inc., a joint venture which had total sales of around $100 million in the fiscal year ending in June.
Sweden's Atlas Copco sees strong vacuum growth in 2018 as boom continues
Posted on Wednesday May 16, 2018
Sweden's Atlas Copco (ATCOa.ST) expects double-digit organic order growth in its vacuum business this year helped by "enormous growth" in demand for lithium batteries and despite a rise of just 2 percent in the first quarter, the head of the unit told Reuters. The company, whose vacuum technology is used in clean rooms for manufacturing semiconductors and other products, makes about a quarter of its sales from its Vacuum Technique unit, which it has built through a series of acquisitions starting in 2014. Vacuum Technique's high exposure to the cyclical semiconductor industry, which accounts for the majority of its business, has made some investors fear the unit could be nearing the peak of the cycle.
Dover (DOV) Ends Apergy Spin-Off to Focus on Core Business
Posted on Thursday May 10, 2018
Dover's (DOV) successful completion of the Apergy spin-off will help the former focus on its less volatile core platforms.
Atlas Copco to Acquire Klingel Joining Technologies by 2Q18
Posted on Wednesday March 07, 2018
Atlas Copco's (ATLKY) Klingel Joining Technologies buyout to strengthen its product offerings in the automotive markets. Klingel Joining will be integrated with the Industrial Technique business.