Atlas Copco to Acquire Hydraulic Torque Wrench Business
STOCKHOLM -- March 12, 2013
Atlas Copco (STO:ATCOA) (STO:ATCOB) has agreed to acquire the business of
U.S-based Rapid-Torc, which develops and markets hydraulic torque wrenches.
The acquisition broadens Atlas Copco’s product range and will extend its
expertise to new customers.
Rapid-Torc, with offices in Houston, Texas, and Brussels, Belgium, has about
30 employees and had revenues in 2012 of MUSD 11 (MSEK 75.) The company is
specialized in hydraulic torque wrenches and also supplies bolt tensioners and
related accessories for high-torque applications.
“This acquisition broadens our offering for existing customers and provides us
with the opportunity to serve new customers in the oil and gas, and power
generation segments,” said Mats Rahmström, Business Area President for Atlas
Copco Industrial Technique.
For more information about Rapid Torc, see www.rapidtorc.com. The acquired
business will be part of the General Industry Tools and Assembly Systems
division within Industrial Technique. The closing of the deal is subject to
certain approvals and conditions.
Atlas Copco is an industrial group with world-leading positions in
compressors, expanders and air treatment systems, construction and mining
equipment, power tools and assembly systems. With innovative products and
services, Atlas Copco delivers solutions for sustainable productivity. The
company was founded in 1873, is based in Stockholm, Sweden, and has a global
reach spanning more than 170 countries. In 2012, Atlas Copco had 39 800
employees and revenues of BSEK90.5 (BEUR 10.5). Learn more at
Atlas Copco’s Industrial Technique business area provides industrial power
tools, assembly systems, quality assurance products, software and services
through a global network. It innovates for sustainable productivity for
customers in the automotive and aerospace industries, industrial manufacturing
and maintenance, and in vehicle service. Principal product development and
manufacturing units are located in Sweden, France and Japan.
This information was brought to you by Cision http://news.cision.com
Business Area President, Industrial Technique
+46 (0)8743 9350
Media Relations Manager
+46 (0)8743 8060 or +46 (0)70 347 2455
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