Atlas Copco is acquiring Swiss shotcreting firm MEYCO

Atlas Copco intends to acquire the Swiss MEYCO business, a move that widens its product range for the tunnelling market. The terms of the deal have not been disclosed and Atlas Copco’s Swiss subsidiary will acquire the MEYCO Equipment business from BASF Construction Chemicals Europe. This move brings a comprehensive range of mobile equipment for shotcreting in underground operations. MEYCO has offices and an assembly facility in Winterthur, Switzerland and its products include carrier-mounted concrete spray

December 21, 2012 Read time: 2 mins

161 Atlas Copco intends to acquire the Swiss 2646 MEYCO business, a move that widens its product range for the tunnelling market. The terms of the deal have not been disclosed and Atlas Copco’s Swiss subsidiary will acquire the MEYCO Equipment business from 2645 BASF Construction Chemicals Europe. This move brings a comprehensive range of mobile equipment for shotcreting in underground operations. MEYCO has offices and an assembly facility in Winterthur, Switzerland and its products include carrier-mounted concrete spraying equipment, concrete spraying arms, pump and dosing units. Current sales are mainly for underground construction projects in Europe, Asia and the Middle East.

This acquisition is a good strategic fit for Atlas Copco as it broadens the offering forour existing customers,” said Bob Fassl, Business Area President for Atlas Copco Mining and Rock Excavation Technique. “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.”

The purchase is subject to approval by the authorities and legal closing of the transaction is expected by the end of the first quarter of 2013.

For more information on companies in this article

Atlas Copco

MEYCO

BASF

Atlas Copco expands range

Atlas Copco plans to acquire the underground equipment business of GIA Industri, which will widen its array of machines for the tunneling market. Swedish firm GIA Industri makes an array of specialist machines for underground use including electric haulage trucks, utility vehicles and ventilation systems.

February 17, 2012

BASF to boost output

BASF is boosting output at its Norwegian plant at Granerud in Nord-Odal. The €e1 million investment at the BASF Construction Chemicals facility will help develop production capacity for its MEYCO chemicals and MEYCO equipment lines, which are sold into the tunnel construction sector.