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

  • HxGN Live 2014 attracts record event numbers
    August 28, 2014
    Attracting an HxGN Live event record-breaking 3,500 attendees, HxGN Live 2014 held at the MGM Grand in Las Vegas, US, June 2-5 showcased exciting new and in-demand design, measurement and visualisation technologies for industries including road construction and mining. Themed Great Stories Start Here, this year’s event also included a variety of exclusive presentations by industry experts, hands-on training, inspiring keynotes and international networking opportunities. Guy Woodford reports In
    Read More
  • Trimble acquires Actronic to extend Connected Site portfolio
    June 12, 2013
    Trimble has acquired Actronic Holdings Limited (Actronic Technologies) of Auckland, New Zealand in order to extend its Connected Site portfolio. Actronic Technologies is a leading provider of weighing technology and payload information systems for construction, aggregates, mining and waste markets. The firm produces the industry renowned LOADRITE weighing system for wheeled loaders, excavators, conveyors and waste collection vehicles. LOADRITE systems provide equipment operators, site foremen and project ma
    Read More
  • Morocco extraction site service capability
    July 15, 2016
    Phosphate extraction is carried out on a huge scale in Morocco in harsh, hot and often remote locations. Servicing this equipment is no easy task given the conditions, with special machines having to be used. Phosphate is in high demand. It is used in fertilizer, detergent and food additives. However its fastest growing market is in the manufacturing of lithium-ion batteries, now being used widely for commercial goods as well as electric vehicles. As Morocco is the world's third-largest producer of phosphat
    Read More
  • New industry developments push boundaries of machine control
    May 22, 2014
    A series of innovations in machine control or automation technologies are helping transform the construction industry - Mike Woof writes Equipment manufacturer have made huge advances in machine performance, delivering new models that offer increased capabilities and productivity, while using less fuel. Reliability and uptime too have been improved, with the development of equipment that can forestall unplanned downtime by telling the user when it will require service attention. Meanwhile new engines delive
    Read More

Highlighted Content