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Atlas Copco AB ( ($SE:ATCO.A) ) has issued an update.
Atlas Copco has expanded its operations in the semiconductor sector by acquiring New Star Technology, a Chinese company specializing in gas abatement equipment. This acquisition, which adds 38 employees to Atlas Copco’s Semiconductor division within the Vacuum Technique Business Area, is expected to strengthen the company’s market position in the semiconductor industry.
The most recent analyst rating on ($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 technology innovation, providing products, services, and solutions across four main business areas: compressed air and vacuum solutions, energy solutions, dewatering and industrial pumps, and industrial power tools and assembly solutions. In 2024, the company reported revenues of BSEK 177 and employed approximately 55,000 people.
YTD Price Performance: -13.18%
Average Trading Volume: 4,931,422
Technical Sentiment Signal: Hold
Current Market Cap: SEK681.8B
For an in-depth examination of ATCO.A stock, go to TipRanks’ Overview page.