Atlas Copco completes acquisition of Rapid-Torc
Stockholm, Sweden, April 23, 2013: Atlas Copco 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