Atlas Copco last week acquired United Kingdom-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, U.K., has 65 employees and had revenues in 2012 of £9.8 million (about U.S. $15.8 million). The company, which was founded in 1988, specializes in hydraulic bolt tensioners. The tools are used in the assembly of heavy equipment and are sold globally to customers in the oil and gas, and 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 about Tentec, visit www.tentec.net.
Atlas Copco is a manufacturer of compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems based in Stockholm, Sweden. For more information, visit www.atlascopco.com.