Atlas Copco completes acquisition of MEYCO
STOCKHOLM -- April 3, 2013
Atlas Copco (Schweiz) AG has closed the acquisition of Switzerland-based MEYCO
MEYCO had revenues in 2012 of MEUR 22 (MSEK 190) and about 45 employees. Its
products include carrier-mounted concrete spraying equipment, concrete
spraying arms, pumps and dosing units, mainly for underground operations.
The acquired business is part of the Underground Rock Excavation division
within the Mining and Rock Excavation Technique business area.
Atlas Copco announced on Dec. 21, 2012 that it had agreed to purchase MEYCO.
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 had39
800employees and revenues of BSEK90.5 (BEUR 10.5). Learn more at
Atlas Copco’s Mining and Rock Excavation Technique business area provides
equipment for drilling and rock excavation, a complete range of related
consumables and service through a global network. The business area innovates
for sustainable productivity in surface and underground mining,
infrastructure, civil works, well drilling and geotechnical applications.
Principal product development and manufacturing units are located in Sweden,
the United States, Canada, China and India.
This information was brought to you by Cision http://news.cision.com
Bob Fassl, Business Area President, Mining and Rock Excavation Technique
+46 (0)8 743 8314
Ola Kinnander, Media Relations Manager
+46 (0)8743 8060 or +46(0)70 347 2455
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