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

  • Dynapac is broadening its range for asphalt paving
    April 1, 2014
    Atlas Copco’s Dynapac brand is launching new models aimed at the asphalt paving market - Mike Woof reports Atlas Copco’s Dynapac brand looks set to boost its worldwide presence in the road construction market, with new asphalt paving products forming a major segment of the firm’s improved portfolio. The launch of new pavers and an improved material feeder comes at a busy time for the Dynapac brand. When Dynapac was first acquired by Atlas Copco the business was left separate initially, however it has now
    Read More
  • Advances in tunneling machines coming to market
    November 19, 2015
    A diverse array of new tunnelling technologies will help boost productivity and cut project costs, while boosting quality - Mike Woof writes The worldwide market for tunnelling projects continues to be strong, with a series of major projects underway or planned for the future. These good market conditions have helped fuel research and development in new tunnelling equipment, designed to be more productive, more efficient and more reliable and able to deliver a higher quality of work. Drilling and blas
    Read More
  • Atlas Copco´s duplex roller LP6505 gets a long-awaited redesign
    November 27, 2015
    Atlas Copco has launched its LP6505 walk-behind duplex roller with a flip-up hood to make service access easy, including battery charging.
    Read More
  • Electric vehicle charging market expands
    July 27, 2012
    New analysis from Frost & Sullivan says that the electric vehicle (EV) charging station market in North America has grown immensely, helped along by favourable government level (federal, state and municipal) incentives and subsidies for the purchase of EVs. The government is extending these plans to the installation of charging station and funding programmes such as ECOtality's EV project, which is trying to install electric vehicle charging infrastructure in six major states.
    Read More

Highlighted Content