Atlas Copco acquires bolt-tightening solutions specialist
04/12/2013 Atlas Copco Compressors UK
Atlas Copco, a leading supplier of industrial sustainable productivity solutions, has acquired U.K.-based Tentec Ltd., which develops and markets bolt-tightening solutions. 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.
"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.
Atlas Copco Ltd
Swallowdale Lane
Hemel Hempstead
Herts HP2 7EA
Tel: +44 (0) 1442 261201
Fax: +44 (0) 1442 234791
Email: gba.info@uk.atlascopco.com
Web: www.atlascopco.co.uk
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