Atlas Copco buys Chinese rock drilling tools business
Stockholm, Sweden, March 5, 2013: Atlas Copco (China) Investment Co,. Ltd. has acquired 75% of Shandong Rock Drilling Tools Co., Ltd., a leading Chinese supplier of rock drilling tools. The acquisition strengthens Atlas Copco’s position in the local market in mining and construction consumables.Shandong Rock Drilling Tools had sales in 2012 of MRMB 393 (MSEK 420) and 687 employees. The company, located in the Shandong province in eastern China, is part of the privately held Shandong Sanshan Group, which also owns an adjacent steel mill. Atlas Copco will also acquire close to 25% of the