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The business of Air Way Automation Ltd (“Air Way”), a supplier of automated bolt feeding solutions to the automative and general industries, has become part of Atlas Copco Group.
Air Way is headquartered in Michigan, USA and has 98 employees.
“This acquisition complements one of our recent acquisitions and will further strengthen Industrial Technique’s offering in the area of automation”, said Henrik Elmin, Business Area President for Industrial Technique. The purchase price is not disclosed. During 2023 the company had revenues of approximately 35 MUSD (370 MSEK*).
Air Way becomes part of the Motor Vehicle Industry Tools and Assembly Systems division within the Industrial Technique Business Area.