Atlas Copco to acquire MEYCO to enlarge tunnelling and mining offer

385 Atlas Copco is to acquire the 7048 MEYCO Equipment business from 4860 BASF Construction Chemicals Europe AG. The acquisition extends the Swedish firm’s offering with mobile equipment for applying sprayed concrete (shotcreting) in underground operations.

With offices and an assembly facility in Winterthur, Switzerland, MEYCO has about 40 employees and had revenues in 2011 of around €20 million. Carrier-mounted concrete spraying equipment, concrete spraying arms, pump and dosing units are among its products range. Current sales are mainly for underground construction projects in Europe, Asia and the Middle East. Both parties have agreed to not disclose financial details of the transaction.

“This acquisition is a good strategic fit for Atlas Copco as it broadens the offering for our existing customers,” says Bob Fassl, business area president for Atlas Copco Mining and Rock Excavation Technique. “Shotcreting is a growth segment thanks to high safety requirements in tunnelling and we look forward to introducing these products through our global sales channels, both to mining and underground civil construction customers.”