Atlas Copco to acquire MEYCO, broadening its shotcrete offering

Atlas Copco (Schweiz) has agreed to acquire the Swiss-based MEYCO equipment business from BASF Construction Chemicals Europe. The acquisition broadens Atlas Copco’s offering with mobile equipment for applying sprayed concrete (shotcreting) underground. MEYCO, with offices and an assembly facility in Winterthur, Switzerland, has about 40 employees and had revenues in 2011 of around €20 million. Its products include carrier-mounted concrete spraying equipment, concrete spraying arms, pump and dosing units. “This acquisition is a good strategic fit for Atlas Copco as it broadens the offering for our existing customers,” said Bob Fassl, Business Area President for Atlas Copco Mining and Rock Excavation Technique. “Shotcreting is a growth segment thanks to high safety requirements and we look forward to introducing these products through our global sales channels, both to mining and underground civil construction customers.”