Neadvance Machine Vision, S.A. (“Neadvance”), a Portuguese software company specializing in automation solutions, quality control, and integrated vision systems, has officially joined the Atlas Copco Group.
Strengthening Smart Integrated Assembly
Neadvance brings 41 skilled employees into Atlas Copco Group, further enhancing its automation and machine vision capabilities. The company’s solutions optimize production line efficiency across various industries.
Henrik Elmin, Business Area President of Industrial Technique, emphasized the strategic importance of the acquisition:
“With this acquisition, we are accelerating our capability for smart integrated assembly.”
The financial details of the acquisition remain undisclosed. In 2023, Neadvance reported revenues of approximately 2.5 million euros (28.6 million SEK).
Integration into Chicago Pneumatic Tools Division
Following the acquisition, Neadvance will become part of the Chicago Pneumatic Tools division, operating under the Industrial Technique Business Area of Atlas Copco.
About Atlas Copco Group
Atlas Copco Group is a global leader in technology-driven solutions that drive efficiency and innovation across industries. The company specializes in compressed air and vacuum solutions, energy solutions, dewatering and industrial pumps, industrial power tools, assembly systems, and machine vision solutions.
In 2024, Atlas Copco reported revenues of 177 billion SEK, with a workforce of approximately 55,000 employees worldwide.
For more details, visit www.atlascopcogroup.com.
