Atlas Copco to acquire German torque wrench maker
Stockholm, Sweden, April 12, 2013: Atlas Copco has agreed to acquire the assets of Saltus-Werk Max Forst GmbH, a manufacturer of mechanical and electric torque solutions based in Germany.Founded in 1919, Saltus has about 65 employees and had revenues in 2012 of about MEUR 8 (MSEK 70). The company manufactures and sells a wide range of products for quality assurance in tightening, including mechanical, mechatronic and electronic wrenches as well as special sockets. Saltus has a strong customer base primarily in the German automotive industry, and it has a big potential globally. “