NewswireToday - /newswire/ -
Stockholm, Sweden, 2013/11/22 - Atlas Copco, a leading supplier of sustainable productivity solutions, has acquired UK-based Tentec Ltd., which develops and markets bolt-tightening solutions - Tentec.net/ AtlasCopco.com.
The acquisition broadens Atlas Copco’s range of products and services offered to the oil and gas, power generation and mining industries.
Tentec (tentec.net), based inWest Bromwich, United Kingdom, has 65 employees and had revenues in 2012 of MGBP 9.8 (MSEK 105). The company, which was founded in 1988, specializes 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.
“The acquisition of Tentec completes our portfolio of hydraulic bolt-tightening solutions that we are offering to several key industries,” said Mats Rahmström, Business Area President for Atlas Copco Industrial Technique. “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.
Mats Rahmström, Business Area President, Industrial Technique +46 (0)8 743 8505
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 2012, Atlas Copco had 39 800 employees and revenues of BSEK 90.5(BEUR 10.5).