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An update from Atlas Copco AB ( ($SE:ATCO.A) ) is now available.
Atlas Copco has formed a joint venture with Shanghai Shareway Environment Technology Co., Ltd., acquiring 70% of its equity while minority shareholders retain 30%. This venture, part of the Semiconductor division within Atlas Copco’s Vacuum Technique Business Area, focuses on producing abatement equipment for effluent gases in the semiconductor and solar panel manufacturing sectors. The joint venture, located in Shanghai, China, operates independently with its own R&D and production facilities, and had revenues of approximately 630 million CNY in 2024.
The most recent analyst rating on ($SE:ATCO.A) stock is a Buy with a SEK180.00 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, focusing on innovation to develop products, services, and solutions essential 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: 4,285,208
Technical Sentiment Signal: Hold
Current Market Cap: SEK709.2B
Find detailed analytics on ATCO.A stock on TipRanks’ Stock Analysis page.