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Atlas Copco AB ( ($SE:ATCO.A) ) just unveiled an announcement.
Atlas Copco Holding China Co Ltd is set to acquire a 70% stake in Shanghai Shareway Environment Technology Co Ltd, forming a joint venture that will operate independently with its own R&D and production. This strategic move aims to enhance Atlas Copco’s abatement portfolio and services for semiconductor and solar panel industries in China, further solidifying its position in the electronics technology sector. The joint venture will be integrated into the Semiconductor division within the Vacuum Technique Business Area, with the transaction expected to close in the third quarter.
The most recent analyst rating on ($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 technology that transforms the future, with a focus on developing innovative products, services, and solutions crucial for customer success. The company operates in four main business areas: compressed air and vacuum solutions, energy solutions, dewatering and industrial pumps, and industrial power tools and assembly and machine vision solutions. In 2024, Atlas Copco reported revenues of BSEK 177 and employed approximately 55,000 people.
Average Trading Volume: 5,494,707
Current Market Cap: SEK736B
Find detailed analytics on ATCO.A stock on TipRanks’ Stock Analysis page.