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