PRTODAY / NewswireToday Free press release distribution service network

More news: Tools/Hardware
Written by / Agency / Source: Atlas Copco AB

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Atlas Copco to Acquire GIA, Broadens Offering for Mining and Tunneling - Atlas Copco AB has agreed to acquire the underground business of GIA Industri AB from Vätterledens Verkstad AB. With the acquisition, Atlas Copco broadens its offering with products including electric mine trucks, utility vehicles and ventilation systems
Atlas Copco to Acquire GIA, Broadens Offering for Mining and Tunneling

 

NewswireToday - /newswire/ - Stockholm, Sweden, 2011/12/16 - Atlas Copco AB has agreed to acquire the underground business of GIA Industri AB from Vätterledens Verkstad AB. With the acquisition, Atlas Copco broadens its offering with products including electric mine trucks, utility vehicles and ventilation systems.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tools/Hardware Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

GIA Industri AB was founded in 1884 and has been owned by Vätterledens Verkstad AB since 1994. The GIA headquarter and production facility is located in Grängesberg, Sweden. The acquired business has 113 employees and annual revenues of about MSEK 230. The seller will retain the operations of GIA that are not related to mining. The parties have agreed not to disclose the purchase price.

“The acquisition of GIA is a good strategic fit for Atlas Copco. We are entering new market segments and will be able to serve customers with an even broader product portfolio,” said Bob Fassl, Business Area President for Atlas Copco Mining and Rock Excavation Technique. “We especially look forward to offering our customers the Kiruna Electric haulage truck with its strong environmental profile. We see great opportunities in leveraging Atlas Copco’s global sales network for this and GIA’s other products.”

GIA’s products also include locomotives and shuttle car systems for underground transportation, charging and service trucks, scaling and cable bolting equipment, digging arm loaders (Häggloader) and complete ventilation systems. GIA is mainly represented through distributors. For more information about GIA, see gia.se . GIA Industri AB will be part of the Underground Rock Excavation division within Mining and Rock Excavation Technique. The acquisition is expected to be closed during the first quarter of 2012.

For further information please contact:
Bob Fassl, Business Area President, Mining and Rock Excavation Technique
+46 (0)8 743 8314 or +1 469 766 6242

Atlas Copco (atlascopco.com) is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2010, Atlas Copco had 33 000 employees and revenues of BSEK 70 (BEUR 7.3).

Atlas Copco’s 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. Principal product development and manufacturing units are located in Sweden, the United States, Canada, China and India.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tools/Hardware Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Atlas Copco AB

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Tools/Hardware articles,
CATCH Visitors via Your Competitors Announcements!


Atlas Copco to Acquire GIA, Broadens Offering for Mining and Tunneling

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Atlas Copco |
Publisher Contact: Daniel Frykholm - AtlasCopco.com 
+46(0)8 743 8060 media[.]se.atlascopco.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Atlas Copco AB securities in any jurisdiction including any other companies listed or named in this release.

Tools/Hardware via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Atlas Copco AB / Company Profile


Read Tools/Hardware Most Recent Related Newswires:

SWEP Moves Operations in Tentlingen, Switzerland to Košice, Slovakia and Landskrona, Sweden
Leviton Wins 2016 Product Innovation Award for Lumina Gateway Hub and Lumina RF Wireless Devices from Architectural Products Magazine
Kuehne + Nagel Sweden is Continuing to be the Extension of Bosch Power Tool Division’s Business in the Nordics
Rockwell Automation Announces Analytics Cloud for OEMs
Leviton Expands Lumina RF Lighting Control Product Line with In-Wall and Plug-In Dimmers
Rockwell Automation Expands Information Solutions Offerings
Hybrid Servo Punch Drive HPD - Voith Combines Proven Hydraulics with an Efficient Servo Drive
Digital Boost for Military and Civilian Maintenance Markets
ZESTRON Presents its Latest Cleaning Agent for Power Electronics and PCBs
SPI Lasers Introduces A New Generation of Industrial High Power Fiber Lasers
Voith Air Compressors to Become Even More Efficient with ‘TwinSave’ Technology and Coupling
Atlas Copco Establishes Vacuum Technique Moves Forward with Five Business Areas
SPI Lasers Underlines its Customer Commitment by Recruiting A New ‘Head of Service’
Atlas Copco to Consolidate Mining Equipment Operations in China
Atlas Copco Completes Acquisition of South Korean Exhaust Management Company

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)