Tag: Atlas Copco

Atlas Copco acquires U.S. manufacturer of drill bits

Atlas Copco Secoroc LLC has agreed to acquire U.S. based NewTech Drilling Products, LLC. The acquisition adds a new type of high-quality product to the Swedish industrial group’s offering for mining and oil and gas drilling.

Based in Salt Lake City, Utah, NewTech develops and manufactures drilling products with a focus on rotary PDC (polycrystalline diamond compact) drill bits as well as klaw bits for rotary soft rock mining. These durable tools are designed to be both impact and wear resistant and the PDC bits are particularly suited to shallow, land-based drilling applications. NewTech, which is privately owned, currently employs 20 people and had revenues in 2011 of MUSD 6.5 (MSEK 45).

Atlas Copco strengthens presence in Colombia

Atlas Copco Colombia Ltda has signed an agreement to take over the sales of drilling equipment and related services from its current distributor Neumatica Del Caribe S.A.

As a result of the acquisition, about 15 employees will join Atlas Copco’s organization in Colombia. Atlas Copco currently has about 140 people in the country, which is an important market for coal mining equipment.

“Colombia has grown significantly as a market for Atlas Copco in the past few years. This agreement provides an opportunity to further strengthen our local aftermarket activities and develop relations with customers in other mining segments,” said Bob Fassl, President of Atlas Copco’s business area Mining and Rock Excavation Technique.

Atlas Copco acquires Chinese compressor business

Atlas Copco (China) Investment Co. Ltd has acquired certain assets of Guangzhou Linghein Compressor Co., Ltd. The acquisition supports Atlas Copco’s profitable expansion in China, adding a brand of industrial air compressors with a strong regional presence.

Linghein, founded in 2001, is located in the city of Guangzhou in South-East China. The company primarily designs and produces small and medium-sized oil-injected rotary screw compressors. It has over the years established a solid organization with sales and service representation in various regions over China and a strong distributor network.

Atlas Copco to acquire GIA, broadens offering for mining and tunnelling

Atlas Copco AB has agreed to acquire the underground business of GIA Industri AB from Vätterledens Verkstad AB. With the acquisition, Atlas Copco broadens its offering with products including electric mine trucks, utility vehicles and ventilation systems.

GIA Industri AB was founded in 1884 and has been owned by Vätterledens Verkstad AB since 1994. The GIA headquarter and production facility is located in Grängesberg, Sweden. The acquired business has 113 employees and annual revenues of about MSEK 230. The seller will retain the operations of GIA that are not related to mining. The parties have agreed not to disclose the purchase price.

Atlas Copco acquire J.C. Carter – a leading producer of cryogenic submerged motor pumps

Atlas Copco Mafi-Trench LLC, USA, has completed the acquisition of the pump business of J.C. Carter LLC, headquartered in California, USA. J.C. Carter is a leading producer of cryogenic submerged motor pumps, which have many applications in the growing natural…

Brazil: Health & Safety Award for Dynapac

The Dynapac factory in Sorocaba, Brazil has received the first Safety and Health Award for the Business Area Construction and Mining Technique.

“We are extremely proud to receive this award. To be chosen as a benchmark among so many manufacturing units is very rewarding. For us, it is a proof that our consistent and dedicated activities over several years have been successful. Of course we will continue to improve ourselves further” says General Manager for Dynapac Brazil product company, Nilso Pela.

Sweden: Atlas Copco is considering relocating manufacturing of light compaction equipment

Today Atlas Copco initiated negotiations with unions regarding a plan to relocate production of light compaction equipment from Ljungby, Sweden, to Rousse, Bulgaria, affecting 69 employees in Sweden.

“Atlas Copco continuously reviews the manufacturing set-up to assure the Group’s competitiveness. The considered plan is in line with our ambition to constantly improve the operational efficiency and make sure our production is cost competitive,” says Björn Rosengren, Business Area President, Construction and Mining Technique.

SWEDEN: Dynapac order for China

Atlas Copco has received an order for Dynapac-branded rollers and pavers from Xuzhou Gongli Road and Bridge Construction Machinery Co. Ltd, valued at approximately US$24 million. The order was signed at a formal ceremony during the Bauma exhibition in Shanghai, China.