Posted to News on 26th Nov 2013, 11:31
Atlas Copco acquires bolt-tightening specialist
Atlas Copco has acquired UK-based Tentec Ltd., which develops and markets bolt-tightening tools. The acquisition broadens Atlas Copco's range of products and services offered to the oil and gas, power generation and mining industries.
Tentec, based in West Bromwich, United Kingdom, has 65 employees and had revenues in 2012 of MGBP 9.8 (MSEK 105). The company, which was founded in 1988, specialises in hydraulic bolt tensioners. The tools, which are used in the assembly of heavy equipment, are sold globally and the main customer segments are the oil and gas, mining and power generation industries, including wind power.
Mats Rahmstrm, Business Area President for Atlas Copco Industrial Technique, says: "The acquisition of Tentec completes our portfolio of hydraulic bolt-tightening solutions that we are offering to several key industries. This will help enhance customers' productivity and assembly process quality."
The acquired business becomes part of the General Industry Tools and Assembly Systems division within Industrial Technique, and the legal owner is Atlas Copco Holding UK Ltd.
For more information about Tentec and bolt-tightening tools, see www.tentec.net, and for Atlas Copco's range of products and services see www.atlascopco.co.uk.
