Atlas Copco to acquire S. African construction equipment business.
Atlas Copco South Africa Pty Ltd. has acquired the assets of Consolidated Rock Machinery Ltd. (CRM).
CRM is a distributor of surface drill rigs, portable compressors and compact equipment, as well as rig-mounted and handheld C&D equipment.
CRM manufactures its own hydraulic boom systems and a range of pneumatic tools pneumatic tool (n măt`ĭk), instrument activated by air pressure. Pneumatic tools are designed around three basic devices: the air cylinder, the vane motor, and the sprayer.. The company's head office is in Johannesburg, South Africa.
CRM's compact equipment business will not be included in the acquisition.
The purchase price was not disclosed, and the acquisition is subject to approval from local authorities.
Atlas Copco has a head office in Stockholm, Sweden, and U.S. operations based in Springfield, Mass. The Atlas Copco Group produces compressed air equipment generators, construction and mining equipment tools and assembly systems.
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