Atlas Copco-owned ETS Georges Renault S.A.S., France, has agreed to acquire Seti-Tec S.A.S., a French manufacturer of advanced drilling equipment and solutions for the aerospace industry.

Seti-Tec is a fast-growing player in the aerospace industry with a customer base that includes some of the world’s largest aircraft manufacturers. The company is privately owned.

Seti-Tec will become part of the Chicago Pneumatic Tools division within the Industrial Technique business area as a result of the acquisition. The acquisition is expected to be closed during the fourth quarter.

Stockholm, Sweden-based Atlas Copco is an industrial group with positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems.