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

  • Multiple role machine
    February 15, 2012
    The introduction of a new backhoe loader line is a major development for Case, Mike Woof reports. Case is introducing its new backhoe loader line-up for the European market, which offers key performance improvements. There are four models being introduced, the 695ST, 590ST, 580ST and 580T, aimed at different market segments and intended to encompass the entire range of customer requirements. This is an important launch for CNH, which has been offering a fully-integrated backhoe loader in its line-up since 1
    Read More
  • Tunnels - an environmentally attractive option?
    February 21, 2012
    While tunnels are often more expensive than bridges, they can offer environmentally attractive options for transport schemes. Tunnels offer environmentally attractive options for a range of transport infrastructure schemes, but in many cases high construction costs may restrict their use.
    Read More
  • Interviews round-up
    March 19, 2012
    Investment in infrastructure is a key priority for the US. With a three-part growth strategy, business improving worldwide and improvements in order books, the Terex Group is looking to increase net sales to US$8 billion by 2013. Ron DeFeo, Terex’s chief operating officer, said the company has been seeing increased order and quotation activity across nearly all of its product categories.
    Read More
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More

Highlighted Content