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Atlas Copco AB ( ($SE:ATCO.A) ) has provided an update.
Atlas Copco Group is set to acquire New Star Technology, a Chinese company specializing in gas abatement equipment for the semiconductor sector. This acquisition will enhance Atlas Copco’s local presence in China and improve its capability to produce absorber materials locally, integrating New Star Technology into its Semiconductor division within the Vacuum Technique Business Area.
The most recent analyst rating on ($SE:ATCO.A) stock is a Buy with a SEK167.00 price target. To see the full list of analyst forecasts on Atlas Copco AB stock, see the SE:ATCO.A Stock Forecast page.
More about Atlas Copco AB
Atlas Copco Group is a global leader in providing innovative technology solutions that transform the future. The company offers a range of products and services across four business areas, including compressed air and vacuum solutions, energy solutions, dewatering and industrial pumps, and industrial power tools and assembly solutions. In 2024, the Group reported revenues of BSEK 177 and employed approximately 55,000 people.
Average Trading Volume: 5,616,265
Current Market Cap: SEK732.2B
See more insights into ATCO.A stock on TipRanks’ Stock Analysis page.