Atlas Copco (Schweiz) AG has closed the acquisition of Switzerland-based Meyco Equipment business. Meyco had revenues in 2012 of €22 million (about U.S. $28.3 million) and about 45 employees. Its products include carrier-mounted concrete spraying equipment, concrete spraying arms, pumps and dosing units, mainly for underground operations.
The acquired business is part of the Underground Rock Excavation division within the Mining and Rock Excavation Technique business area.
Atlas Copco announced in December that it had agreed to purchase Meyco.
Atlas Copco is an industrial group that produces compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. The Mining and Rock Excavation Technique business area provides equipment for drilling and rock excavation, a complete range of related consumables and service through a global network. The business area innovates for sustainable productivity in surface and underground mining, infrastructure, civil works, well drilling and geotechnical applications.
