April 23, 2013
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 Copco’s Industrial Technique business area. Atlas Copco announced on March 12, 2013 that it had agreed to purchase Rapid-Torc.
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 Industrial Technique business area provides industrial power tools, assembly systems, quality assurance products, software and services through a global network. It innovates for sustainable productivity for customers in the automotive and aerospace industries, industrial manufacturing and maintenance, and in vehicle service. Principal product development and manufacturing units are located in Sweden, France and Japan.