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

  • Haulotte sees growth return to global lifting
    March 10, 2017
    Haulotte, the global manufacturer of people and material lifting equipment, reported growth across its business in 2016 and expressed an optimistic view of the market for 2017 at CONEXPO-CON/AGG.
    Read More
  • Atlas Copco’s strategic agreement with Wuxi Drilling Tools Factory
    January 6, 2017
    Atlas Copco has entered a strategic partnership with Wuxi Drilling Tools Factory (WTDF) in a bid to increase its impact in the Chinese exploration drilling equipment market. The move, which was officially recognised in a signing ceremony at bauma China 2012, will see WDTF sell DCDMA standard Atlas Copco exploration drilling rigs in China. In exchange, the Swedish mining and quarrying equipment giant will sell WDTF’s range of GB standard exploration drilling tools. Speaking prior to the official strategic pa
    Read More
  • Atlas Copco’s strategic agreement with Wuxi Drilling Tools Factory
    November 28, 2012
    Atlas Copco has entered a strategic partnership with Wuxi Drilling Tools Factory (WTDF) in a bid to increase its impact in the Chinese exploration drilling equipment market. The move, which was officially recognised in a signing ceremony at bauma China 2012, will see WDTF sell DCDMA standard Atlas Copco exploration drilling rigs in China. In exchange, the Swedish mining and quarrying equipment giant will sell WDTF’s range of GB standard exploration drilling tools. Speaking prior to the official strategic pa
    Read More
  • Peri buys majority stake in Kern Tunneltechnik
    December 14, 2023
    Peri is purchasing the shares of Kern Tunneltechnik from the WALO Group, based in Zurich.
    Read More

Highlighted Content