Atlas Copco Completes Acquisition of Rapid-Torc
STOCKHOLM -- April 23, 2013
Atlas Copco (STO:ATCOA) (STO:ATCOB) has closed the acquisition of 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.
The acquired business will be part of Atlas Copco’s Industrial Technique
Atlas Copco announced on March 12, 2013 that it had agreed to purchase
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.
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