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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.聽 The company is based in H盲mbach and has sales and service locations worldwide. Revenue in 2015 was 鈧12m and the business has 38 employees.

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

鈥淒rum cutters are an ideal complementary product for Atlas Copco as a solution provider in rock excavation, tunnel and foundation profiling and demolition,鈥 said Andrew Walker, President of Atlas Copco鈥檚 Construction Technique business area. 鈥淓rkat鈥檚 highly qualified team will be a valuable asset as we help customers increase productivity.鈥

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鈥檚 Construction Technique business area.

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