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

  • Liebherr is optimistic for its financial performance
    November 25, 2014
    At bauma China 2014, Liebherr announced new machines while also revealing its latest results. The company is optimistic for its financial performance, despite tough market conditions at present.
    Read More
  • Liebherr is optimistic for its financial performance
    January 6, 2017
    At bauma China 2014, Liebherr announced new machines while also revealing its latest results. The company is optimistic for its financial performance, despite tough market conditions at present.
    Read More
  • Dana deal done with Oerlikon
    March 1, 2019
    Dana Incorporated (has completed the acquisition of the Drive Systems segment of the Oerlikon Group. This deal includes the Graziano and Fairfield brands and expands Dana’s capabilities in electrification as well as its manufacturing presence in key growth markets.
    Read More
  • Dozers and graders provide finishing cut
    November 6, 2012
    Established players face increasing competition in the market for bulldozers and graders - Mike Woof reports The world’s largest manufacturer of construction equipment, Caterpillar is a company with a strong position worldwide and this has all grown from its track type tractor range. Caterpillar has long dominated the bulldozer market, as well as being involved in the grader segment since the inter-war period. The firm’s history ties it directly to the development of the crawler track with Ben Holt’s track
    Read More

Highlighted Content