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

  • Major improvements for wheeled loaders and excavators
    April 24, 2013
    Excavators and wheeled loaders benefit from new engine technology - Mike Woof reports. Competition is tough in the market for crawler excavators and wheeled loaders. These production machines account for a significant percentage of the entire construction equipment market worldwide and the segment also has the widest array of competing manufacturers. In the past, European, Japanese and US manufacturers dominated this sector but in the last 20 years South Korean companies have built significant market shares
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • Moving the earth with improved environmental credentials
    August 9, 2018
    Driver comfort, more power and improved environmental credentials highlight some of the latest earthmoving equipment Doosan Construction Equipment has launched a new version of the company’s DA30 30tonne class articulated dump truck (ADT), now in a new colour scheme. Most of the changes are for better operator comfort and controllability of the machine. But there are also changes in the driveline and electrical systems. The most important development is an upgrade of the suspension to a hydro-gas self-lev
    Read More
  • The ADT offers hauling versatility
    May 20, 2014
    The ADT offers a highly versatile option for earthmoving applications and manufacturers are offering new and improved models with the latest low emission engines - Mike Woof writes The versatility and adaptability of the ADT has seen this type of machine become one of the most important types of equipment for the global off-highway machinery sector. The once popular motor scraper now sells in only limited numbers, even in the US, and has been replaced by the more versatile excavator and ADT combination o
    Read More

Highlighted Content