Soft2tec and HHV Pumps, two new acquisitions in Atlas Copco

Atlas Copco announced the finalization of two new acquisitions, regarding the German company Soft2tec, specialized in tracking systems, and the HHV Pumps in India.

Soft2tec 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. The company is based in Rüsselsheim am Main, Germany, and has 38 employees. In 2020 they had revenues of approximately 1.87 million euro and in 2019 of 2,6 million.

“Tracking systems in combination with data collection helps our customers improve production quality and productivity – said Henrik Elmin, business area president Industrial technique in Atlas Copco -. The Nexonar products are complementary to our current offering and will strengthen our portfolio within smart manufacturing“.

The acquired business of Soft2tec will become part of the Desoutter business line within the Chicago Pneumatic Tools division which is part of the Industrial technique business area.

HHV Pumps designs and manufactures vacuum pumps and systems for applications used in a wide range of industries such as chemical and pharmaceutical industries, electrical power equipment, general industry, and rotary vane pumps used for manufacturing refrigeration and air-conditioning.

The company was founded in 2009 and is based in Bengaluru, India, and has 151 employees. In the fiscal year of 2020 the company had revenues of approximately 6 million USD.

The acquired business of HHV Pumps becomes part of the Industrial vacuum division within the Vacuum technique business area.

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