The Quotes are Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.

Atlas Copco to acquire US hydraulic torque wrench business

Tuesday, 12 March 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, the company said in a press release.

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 existing customers and provides us with the opportunity to serve new customers in the oil and gas, and power generation segments,” said Mats Rahmström, Business Area President for Atlas Copco Industrial Technique.
Based on press release from Atlas Copco

We welcome your contribution. Did you find anything wrong with this article? Do you want to contribute to our news network? Do have a news tip or assist us with a correction