Atlas Copco expands mining range
Staff reporter, 15 December 2011
Kiruna electric underground mine truck.
ATLAS Copco will add electric mine trucks, utility vehicles and ventilation systems to its broad underground mining and tunnelling equipment offering after closing its acquisition of fellow Swedish firm GIA Industri in the first quarter next year.
Grängesberg-headquartered GIA, owned by Vätterledens Verkstad since 1994, has about 110 employees and annual revenues of SEK230 million ($US30 million). The vendor is keeping GIA operations not related to mining and the cost of the deal to Atlas Copco wasn’t disclosed.
“The acquisition of GIA is a good strategic fit for Atlas Copco,” said that company’s mining and rock excavation technique business area president, Bob Fassl.
“We are entering new market segments and will be able to serve customers with an even broader product portfolio. We especially look forward to offering our customers the Kiruna electric haulage truck with its strong environmental profile, and see great opportunities in leveraging Atlas Copco’s global sales network for this and GIA’s other products.”
GIA products also include locomotives and shuttle car systems for underground transport, charging and service trucks, scaling and cable bolting equipment, digging arm loaders (Häggloader) and complete ventilation systems.
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