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

  • Bridge demolition easier with modern machines
    February 23, 2012
    The speedy and safe removal of old or unwanted structures is made easier with modern, sophisticated equipment, Patrick Smith reports. The power and versatility of modern demolition tools and machines was demonstrated when a bridge was removed overnight as part of a motorway widening project.
    Read More
  • Emissions regulation leads to efficiency gains
    November 6, 2012
    Innovative technology is use is providing efficient, clean burning engines - Mike Woof reports The development of new diesel engine technology has, for the off-highway equipment sector, been the single most expensive research field for the industry since these machines first started being manufactured. Aimed at reducing the emissions of nitrous oxide as well as particulate matter, in a phased series of stages the engine emission improvements will make major changes to the construction sector. In real world
    Read More
  • New developments for milling machine manufacturers
    February 20, 2014
    The market for milling machines is highly competitive and there is an array of firms offering equipment to the global market. German company Wirtgen is the worldwide market leader and has an enormous range of models available, but other companies too are keen to grow market share, with Caterpillar and Roadtec strong in North America and BOMAG, Dynapac and Caterpillar are also pushing hard to build share in Europe for instance. Other companies too are keen to grow their shares of global sales and several of
    Read More
  • Electric mixer fleet for CEMEX
    February 20, 2025

    Cemex is expanding its truck mixer fleet in Mexico with the addition of electric mixers. The machines have been ought as part of the firm’s strategy to decarbonise its global fleet. This initiative is a key component of the company’s Future in Action program, which aims to achieve net-zero CO2 emissions by 2050.

    Read More

Highlighted Content