EXTEND3D becomes part of Atlas Copco Group
Munich, Germany, July 4, 2023: EXTEND3D GmbH has been acquired by Atlas Copco Group, a global industrial company based in Stockholm, Sweden. EXTEND3D headquarters and its Munich team will become part of the Motor Vehicle Industry Tools & Assembly Systems Division within the Industrial Technique Business area.
Atlas Copco supports customers in more than 180 countries and employs over 49,000 people. The pioneer in technology and engineering offers expertise relied upon by various industries worldwide. Among others, Atlas Copco delivers smart tools and industry-leading solutions for automated quality inspection as well as all kinds of hand-guided assembly and rework operations.
EXTEND3D’s mission has always been to precisely depict digital 3D information on parts and assemblies by means of Augmented Reality and thereby significantly improve manual manufacturing, QA, and rework processes. This has recently been complemented by computer vision, AI, and tracked hand tools for integrated completeness/correctness checks, offering a fully digitized process chain for Industry 4.0.
Joining forces with Atlas Copco offers enormous potential for the integration of these systems and technologies in terms of lean and ergonomic tools driven by integrated digitalized data processes for the benefit of customers worldwide. It is the joint vision of Atlas Copco and EXTEND3D that such integrated digital solutions will become increasingly indispensable for any demanding manual process in industry.
The EXTEND3D team will remain fully committed to providing the usual high level of service to its customers. At the same time, the excellent global sales and service network of Atlas Copco will become available to existing customers for highest reliability and makes the technology available to completely new customers and applications worldwide.
“This acquisition will enhance our offering in process and quality control by leveraging a diverse portfolio of augmented reality products designed specifically for assembly operations with high complexity and high quality demands”, said Henrik Elmin, Business Area President, Industrial Technique.
“We are excited to join forces with Atlas Copco. Becoming a part of the group offers completely new options in terms of holistic assembly solutions for our customers. By integrating dynamic AR projection with Atlas Copco’s manual assembly stations and tools, we will eliminate many of the previously intricate system boundaries between different digital assistance systems and their connection to a standardized data supply on the shop floor”, said Dr. Peter Keitler, CEO and future Managing Director of EXTEND3D.
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About Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind. In 2022, Atlas Copco Group had revenues of BSEK 141 and at year end about 49,000 employees. For more information, visit: www.atlascopcogroup.com
