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

  • Are friends electric? – the drives
    October 3, 2018
    Advances in drive technology are being seen from several key firms as new generation, compact electric systems begin entering the market - Mike Woof writes Major innovations in machine systems are being seen in the construction equipment sector. Several manufacturers are hedging their bets with regard to drive technology and introducing electric drive machines, which will suit use in urban ultra-low emission zones. Wacker Neuson has developed an array of electric machines in recent years including a numbe
    Read More
  • Increased output, productive ADTs and excavators
    February 29, 2012
    Productive performers provide increased output for customers in the loading and hauling sector of the earthmoving market - Mike Woof writes. Loading and hauling machines play key roles in earthmoving operations, with the excavator and ADT combination proving both versatile and productive. While machines such as scrapers may be more efficient in specific earthmoving applications, these do not offer the versatility of the excavator and ADT combination, reducing utilisation.
    Read More
  • Smoother surfaces
    September 11, 2014
    Efficient new soil compaction machines featuring the latest technology are now coming to market – Mike Woof reports The start of 2014 has seen a major development for the construction equipment sector, with the Tier 4 Final emissions requirements at last beginning to take effect. The implications of the drive towards the introduction of low emission engine technology have been seen right across the off-highway machinery equipment industry, and the soil compaction segment is no exception.
    Read More
  • Machine control technology evolving fast
    February 8, 2012
    The machine control market is evolving fast and is increasingly becoming part of a much wider construction site management concept, Mike Woof reports. Machine control technology has come a long way in the past 20 years and the development of 2D and 3D systems has been rapid in the construction sector.
    Read More

Highlighted Content