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PRCP - Atlas Copco Shows Once Again That It's Serious About Automation
Perceptron Inc.
Atlas Copco continues to show that it views factory automation as an important area for the company's future, acquiring Perceptron and entering the metrology and robot guidance markets.
Management recently commented that its end-markets continue to improve, but also sees the Street as ahead of the curve on the level/degree of underlying end-market improvement.
Atlas Copco remains a first-class name in industrials, but with a valuation to match.