Stockholm, Sweden-based Atlas Copco agreed to acquire the business of U.S-based Rapid-Torc, which develops and markets hydraulic torque wrenches.
Rapid-Torc, with offices in Houston, and Brussels, Belgium, has about 30 employees and had revenues in 2012 of U.S. $11 million. The company specializes in hydraulic torque wrenches and also supplies bolt tensioners and related accessories for high-torque applications.
“This acquisition broadens our offering for existing customers and provides us with the opportunity to serve new customers in the oil and gas, and power generation segments,” said Mats Rahmström, business area president for Atlas Copco Industrial Technique.
The acquired business will be part of the General Industry Tools and Assembly Systems division within Industrial Technique. The closing of the deal is subject to certain approvals and conditions. For more information about Rapid Torc, visit www.rapidtorc.com.
Atlas Copco is a manufacturer of compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco’s Industrial Technique business area provides industrial power tools, assembly systems, quality assurance products, software and services through a global network. Principal product development and manufacturing units are located in Sweden, France and Japan.