Atlas Copco acquires Switzerland-based equipment business
9 January 2013Atlas Copco has agreed to acquire the Switzerland-based Meyco Equipment business from BASF Construction Chemicals Europe, it was announced mid-December. Atlas Copco stated that the contract broadens its offering with mobile equipment for applying sprayed concrete in underground operations.
Operations will continue at the only production site of Meyco Equipment in Winterthur, Switzerland. Currently, some 40 employees work in the Meyco Equipment site. Its products include carrier-mounted concrete spraying equipment, concrete spraying arms, pump and dosing units. Current sales are mainly for underground construction projects in Europe, Asia and the Middle East. Both parties have agreed to not disclose financial details of the transaction.
"This acquisition is a good strategic fit for Atlas Copco as it broadens the offering for our existing customers," said Bob Fassl, business area president for Atlas Copco Mining and Rock Excavation Technique. "Shotcreting is a growth segment thanks to high safety requirements in tunnelling and we look forward to introducing these products through our global sales channels, both to mining and underground civil construction customers."
