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

  • Aggregates production innovations delivering efficiency
    August 1, 2017
    EvoQuip, the newest division of Terex Corporation, is launching a Cobra 230 impact crusher later this year, to sit alongside the Cobra 260. The 24tonne machine will offer a production capacity of 140-150tonnes/hour in asphalt and construction recycling. The Cobra 230 is 11.3m long and 2.46m wide, or 5.15m wide with a side conveyor. It features a quick set-up time and the machine can be moved onsite without having to stop the crusher. Keestrack says that its novel H4 tracked cone crusher is light and compact
    Read More
  • Metso looks to develop its international profile following its recent demerger
    March 12, 2014
    Metso CEO and president Matti Kähkönen explained how the company is evolving - Mike Woof reports Finnish crushing and screening specialist Metso is looking to expand its worldwide operations following the recent demerger of the group. CEO and president Matti Kähkönen said that Metso has been a multi-industry business for the last 14 years. The firm’s biggest divisions have been the joint construction and mining division and the pulp and paper business, with its automation sector being the smallest of the
    Read More
  • An array of barrier innovations is coming to market
    January 4, 2013
    Various developments are affecting the market for highway barriers - Mike Woof writes The global market for highway barrier products continues to see the introduction of new products and new standards. Some standards for barriers are also eagerly awaited and clarification is still required of the regulations surrounding motorcycle-safe barrier types. In recognition of the issues concerning bad weather on Europe’s roads in winter periods, a new amendment has been made to the EN1317 standard for safety barrie
    Read More
  • Major firms are offering key diesel developments
    September 26, 2013
    New diesel developments from JCB and Volvo Innovative diesel technologies are being developed by all the major engine manufacturers at present. New emission requirements have pushed the boundaries in terms of technology, with all the firms working on new systems to ensure their products meet requirements. And companies are also developing new engine sizes to broaden their range of offerings to the market.
    Read More

Highlighted Content