April 3, 2013
Stockholm, Sweden, April 3, 2013: Atlas Copco (Schweiz) AG has closed the acquisition of Switzerland-based MEYCO Equipment business.
MEYCO had revenues in 2012 of MEUR 22 (MSEK 190) and about 45 employees. Its products include carrier-mounted concrete spraying equipment, concrete spraying arms, pumps and dosing units, mainly for underground operations.
The acquired business is part of the Underground Rock Excavation division within the Mining and Rock Excavation Technique business area. Atlas Copco announced on Dec. 21, 2012 that it had agreed to purchase MEYCO.
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).
Atlas Copco’s Mining and Rock Excavation Technique business area provides equipment for drilling and rock excavation, a complete range of related consumables and service through a global network. The business area innovates for sustainable productivity in surface and underground mining, infrastructure, civil works, well drilling and geotechnical applications. Principal product development and manufacturing units are located in Sweden, the United States, Canada, China and India.