Solix, a Swedish investment company, has acquired all shares in Terratech AB, with daughter companies Steelwrist and SVAB Hydraulik. Steelwrist manufactures tiltorators, quick couplers, and excavator attachments; SVAB Hydraulik produces control systems for tiltrotator and attachments, mainly for excavators.
Terratech’s main products are tiltrotators and quick couplers, both hydraulic and fully automatic. The company also has several new products such as tool recognition, tool tip control, and the Quantum control system platform.
“We have a very good and forward-thinking cooperation with our OEM customers,” Stefan Stockhaus, CEO of Terratech and Steelwrist, said in a press release. “Our tiltrotators and quick couplers are increasingly mounted on the excavator directly from our customers excavator factory and with this we are able to support our own and our OEM customers' international expansion even faster.”