Atlas Copco is in the process of acquiring Switzerland-based MEYCO from BASF Construction Chemicals Europe.
When finalized, Atlas Copco will add mobile equipment for applying sprayed concrete (shotcreting) in underground mining and tunneling operations to the product line.
The acquisition will include offices, and an assembly facility in Switzerland with approximately 40 employees. Product lines include carrier-mounted concrete spraying equipment, concrete spraying arms, and accelerator dosing systems. The majority of sales currently are for underground construction projects. Both parties have agreed not to disclose financial details of the transaction.
“This acquisition is a good strategic fit for Atlas Copco as it broadens the offering for our existing customers,” said Bob Fassl, business area president for Atlas Copco Mining and Rock Excavation Technique. “Shotcreting is a growth segment thanks to high safety requirements in tunneling, and we look forward to introducing these products through our global sales channels, both to mining and underground civil construction customers.”
The purchase is subject to approval by the responsible authorities and legal closing of the transaction is expected by the end of the first quarter in 2013.