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Tue March 19 2024

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Atlas Copco agrees purchase of German tools business

18 Jan 17 Atlas Copco is to buy Germany-based construction tools business Erkat Spezialmaschinen und Service.

Erkatmanufactures drum cutter attachments for excavators.  The company is based in Hämbach and has sales and service locations worldwide. Revenue in 2015 was €12m and the business has 38 employees.

The drum cutter attachments are used primarily in construction and demolition and for quarries and tunnels.

“Drum cutters are an ideal complementary product for Atlas Copco as a solution provider in rock excavation, tunnel and foundation profiling and demolition,” said Andrew Walker, President of Atlas Copco’s Construction Technique business area. “Erkat’s highly qualified team will be a valuable asset as we help customers increase productivity.”

The parties have agreed not to disclose the purchase price. The acquisition is expected to be completed in the first quarter of this year.

The business will become part of the Construction Tools division in Atlas Copco’s Construction Technique business area.

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