Atlas Copco Acquires Bolt-Tightening Solutions Specialist

  Atlas Copco Acquires Bolt-Tightening Solutions Specialist

Business Wire

STOCKHOLM -- November 22, 2013

Atlas Copco (STO:ATCOA)(STO:ATCOB), a leading supplier of sustainable
productivity solutions, has acquired UK-based Tentec Ltd., which develops and
markets bolt-tightening solutions. The acquisition broadens Atlas Copco’s
range of products and services offered to the oil and gas, power generation
and mining industries.

Tentec, based in West Bromwich, United Kingdom, has 65 employees and had
revenues in 2012 of MGBP 9.8 (MSEK 105). The company, which was founded in
1988, specializes in hydraulic bolt tensioners. The tools, which are used in
the assembly of heavy equipment, are sold globally and the main customer
segments are the oil and gas, mining and power generation industries,
including wind power. “The acquisition of Tentec completes our portfolio of
hydraulic bolt-tightening solutions that we are offering to several key
industries,” said Mats Rahmström, Business Area President for Atlas Copco
Industrial Technique. “This will help enhance customers’ productivity and
assembly process quality.” The acquired business becomes part of the General
Industry Tools and Assembly Systems division within Industrial Technique, and
the legal owner is Atlas Copco Holding UK Ltd.

For more information about Tentec, see www.tentec.net.

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
www.atlascopco.com.

This information was brought to you by Cision http://news.cision.com

Contact:

Atlas Copco
Mats Rahmström, Business Area President, Industrial Technique
+46 (0)87438505
or
Ola Kinnander, Media Relations Manager
+46 (0)8743 8060
+46 (0)70 347 2455
 
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