Atlas Copco acquires bolt-tightening solutions specialist

Nov. 29, 2013, Stockholm, Swe. – Atlas Copco
has acquired UK-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, 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.

For more information:
www.atlascopco.ca
www.tentec.net