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
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.
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.