Atlas Copco expands range

Atlas Copco plans to acquire the underground equipment business of GIA Industri, which will widen its array of machines for the tunneling market. Swedish firm GIA Industri makes an array of specialist machines for underground use including electric haulage trucks, utility vehicles and ventilation systems.
April 25, 2012 Read time: 1 min
161 Atlas Copco plans to acquire the underground equipment business of GIA Industri, which will widen its array of machines for the tunneling market. Swedish firm GIA Industri makes an array of specialist machines for underground use including electric haulage trucks, utility vehicles and ventilation systems. The firm is located in Grängesberg and is being sold to Atlas Copco by Vätterledens Verkstad, which will retain GIA Industri’s other products that are not related to the underground equipment market. GIA’s products include locomotives and shuttle car systems for underground transportation, charging and service trucks, scaling and cable bolting equipment, digging arm loaders (Häggloader) and ventilation technology. The electric trucks can be run off an overhead rail and are said to offer performance advantages in terms of reducing emissions. GIA Industri will be part of the Underground Rock Excavation division. The acquisition is expected to be closed during the first quarter of 2012, however the parties have agreed not to disclose the purchase price.
Highway & Network Management Road Structures

For more information on companies in this article

Related Content

  • SANY occupies a strong position in China as well as worldwide
    November 12, 2014
    SANY president Wenbo Xiang is confident for the firm’s future as a major international player - Mike Woof reports One of China’s biggest and most powerful companies, the SANY Group is looking to further expansion.
    Read More
  • Engine/component efficiencies are top bill
    May 25, 2016
    Driveline specialist Dana is developing a full connectivity suite for its transmissions, axles and other driveline components. The Dana Spicer Smart Suite collects, manages, analyses, communicates and acts on data from the complete drivetrain, including load and condition monitoring, torque management, speed sensing and steering sensing. This provides critical alerts and allows the operator to react to operational changes, boosting productivity and safety. “As the construction market becomes more comp
    Read More
  • VDMA questions emissions future
    February 28, 2012
    The German construction equipment manufacturer's association, the VDMA, has stated that the new EU-exhaust emission directive presents a major challenge for its members.
    Read More
  • Innovations in machine control delivering performance
    May 20, 2019
    New innovations in machine control are delivering highperformance, with advances to come showing future potential – Mike Woof writes In transportation, the potential for autonomous vehicles that operate without the need for a human driver is now being evaluated. A string of development projects are underway by an array of automotive and technology companies, sometimes in partnership with each other. In the mining sector, autonomous machines have been operating in underground facilities for 20 years and
    Read More

Highlighted Content