Henrob to be Acquired by Atlas Copco

Posted: 2014-08-14 17:50:22

Keith Jones, Henrob’s founder, Chief Executive and majority shareholder, has signed an agreement to sell the Henrob companies to Atlas Copco, the global engineering group with Swedish origin that manufactures compressors, vacuum/air systems, construction and mining equipment, power tools and assembly systems. Mr Jones will retire from the business. The existing management teams will stay in place and there are no plans for redundancies.  Atlas Copco are committed to support the current rapid growth of the company and further enhance its global reach.  

 

Henrob is a pioneer and market leader in self-pierce riveting, a mechanical fastening process suitable for joining aluminium and also mixed materials that cannot be reliably welded.

This technology has become increasingly core to the design and assembly of lightweight vehicles with significant implementation by leading automotive manufacturers in Europe and North America. Henrob’s recent growth is set to continue strongly due to the clear trend for increased use of lightweight materials in the automotive and other industries, driven by ever more stringent emission and fuel economy targets.

 “Atlas Copco has an extensive global market presence, range of products, service organisation and level of technical expertise. Backed by Atlas Copco’s resources and energised by this very exciting development, Henrob will now have every possibility of sustained success. There is considerable synergy both in products and in philosophy plus a clear commitment from Atlas Copco to fully support the further development of Henrob,” said Keith Jones,

“I am very pleased that Henrob will enter a new phase of its existence in the capable hands of a top global organisation. We could not have chosen better, a great future has been secured for Henrob”

 

The acquisition is subject to certain governmental approvals and is expected to close in the third quarter of 2014.

 

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