Atlas Copco to purchase hydraulic torque wrench business

Atlas Copco has agreed to acquire the business of U.S-based Rapid-Torc, which develops and markets hydraulic torque wrenches. The acquisition broadens Atlas Copco’s product range and will extend its expertise to new customers.

Rapid-Torc, with offices in Houston, Texas, and Brussels, Belgium, has about 30 employees and had revenues in 2012 of MUSD 11 (MSEK 75.) The company is specialized 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.

For more information about Rapid Torc, see www.rapidtorc.com. 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. (Source: AED news)