Atlas Copco to acquire hydraulic torque wrench business
Stockholm, Sweden, March 12, 2013: Atlas Copco has agreed to acquire 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.
“This acquisition broadens our offering for existing customers and provides us with the opportunity to serve new customers in the oil and gas, and power generation segments,” said Mats Rahmström, Business Area President for Atlas Copco Industrial Technique.
For more information about Rapid Torc, see www.rapidtorc.com. The acquired business will be part of the General Industry Tools and Assembly Systems division within Industrial Technique. The closing of the deal is subject to certain approvals and conditions.
For further information please contact:
Mats Rahmström, Business Area President, Industrial Technique
+46 (0)8 743 9350
Ola Kinnander, Media Relations Manager
+46 (0)8 743 8060 or +46 (0)70 347 2455
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 BSEK 90.5 (BEUR 10.5). Learn more at www.atlascopco.com.
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.