Atlas Copco is acquiring Swiss shotcreting firm MEYCO

Atlas Copco intends to acquire the Swiss MEYCO business, a move that widens its product range for the tunnelling market. The terms of the deal have not been disclosed and Atlas Copco’s Swiss subsidiary will acquire the MEYCO Equipment business from BASF Construction Chemicals Europe. This move brings a comprehensive range of mobile equipment for shotcreting in underground operations. MEYCO has offices and an assembly facility in Winterthur, Switzerland and its products include carrier-mounted concrete spray
December 21, 2012 Read time: 2 mins
161 Atlas Copco intends to acquire the Swiss 2646 MEYCO business, a move that widens its product range for the tunnelling market. The terms of the deal have not been disclosed and Atlas Copco’s Swiss subsidiary will acquire the MEYCO Equipment business from 2645 BASF Construction Chemicals Europe. This move brings a comprehensive range of mobile equipment for shotcreting in underground operations. MEYCO has offices and an assembly facility in Winterthur, Switzerland and its products include carrier-mounted concrete spraying equipment, concrete spraying arms, pump and dosing units. Current sales are mainly for underground construction projects in Europe, Asia and the Middle East.

This acquisition is a good strategic fit for Atlas Copco as it broadens the offering forour 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 tunnelling 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 authorities and legal closing of the transaction is expected by the end of the first quarter of 2013.

For more information on companies in this article

Related Content

  • XCMG boosting capacity
    November 26, 2012
    Increased manufacturing capacity has been a key focus for XCMG in recent years, with the firm having committed to upgrading its production facilities. XCMG has invested heavily in new manufacturing capacity for its ranges of cranes and wheeled loaders and both the Heavy Machinery and Wheeled Loader divisions now have new factories. The heavy crane facility produces machines in the 90tonne category and above and all production moved to the new plant in 2012 as the old factory was too small. The new facility
    Read More
  • Austria's new tunnel meets safety regulations
    July 13, 2012
    New safety regulations and high traffic volumes require new tunnel construction all across Europe. Mike Woof reports Anew highway tunnel now being built in Austria will boost traffic volumes and safety standards on a key European route. The existing Pfänder Tunnel lies close to Austria's borders with Germany and Switzerland and carries a heavy traffic volume, so a new parallel tunnel is under construction to help spread this load, increasing capacity as well as safety. Stringent tunnel safety standards have
    Read More
  • Wacker Neuson’s good financial results
    November 11, 2021
    Wacker Neuson is seeing good financial results for Q3.
    Read More
  • Airware acquires drone data analytics provider Redbird
    September 23, 2016
    Airware, a commercial drone solutions provider, has acquired Redbird, a France-based pioneer in drone data analytics that has been working closely with Caterpillar. Redbird focuses on the mining, quarrying, and construction industries through sophisticated geospatial analytics which will be integrated into the Airware Aerial Information Platform. This will give customers the combined power of Redbird's industry-specific analytics and Airware's enterprise-focused workflow, compliance, and security feature
    Read More

Highlighted Content