Atlas Copco Completes South Africa Acquisition

STOCKHOLM, Sweden — Atlas Copco South Africa Pty Ltd. completed its acquisition of the assets of Consolidated Rock Machinery Ltd. (CRM). The acquired business has annual revenues of approximately U.S. $20.7 million and 50 employees.

CRM is the leading distributor of surface drill rigs, portable compressors, and compact equipment, as well as rig-mounted and handheld construction and demolition equipment. CRM has been well established in the market since 1987 and has its own manufacturing of hydraulic boom systems and a range of pneumatic tools. The company has its head office in Johannesburg, South Africa. CRM's compact equipment business was not included in the acquisition.

CRM has been an Atlas Copco distributor since 2004. The acquired business will be integrated into Atlas Copco South Africa Pty Ltd.

Atlas Copco is an international industrial group with its head office in Stockholm, Sweden. In 2004, the group had revenues of approximately U.S. $6.35 billion, with 98 percent of revenues outside Sweden. The group, which has more than 25,000 employees, produces and markets compressed air equipment and generators, construction and mining equipment, industrial tools and assembly systems, and offers related service and equipment rental. The Atlas Copco Group includes brands such as Atlas Copco, RSC Equipment Rental, and Chicago Pneumatic.

Construction and Mining Technique business area develops, manufactures, and markets rock drilling tools, underground rock drilling rigs for tunneling and mining applications, surface drilling rigs, loading equipment, exploration drilling equipment and construction tools.

TAGS: Ar Rental News
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