Construction and mining equipment firm Atlas Copco is to buy Switz-based tunnelling mobile equipment firm Meyco Equipment, the firm announced today.
Atlas Copco is buying Meyco to expand its sprayed concrete (shotcreting) operations for tunnel linings. Meyco’s products include carrier-mounted concrete spraying equipment, concrete spraying arms, pump and dosing units.
Meyco has an office and assembly facility in Winterthur in Switzerland and last year had revenues of €20M (£16.3M).
“This acquisition is a good strategic fit for Atlas Copco as it broadens the offering for our existing customers,” said Atlas Copco mining and rock excavation technique president Bob Fassl.
“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.”
Atlas Copco is buying Meyco from chemicals giant BASF.