Atlas Copco Agrees to Acquire Erkat
- Business & Finance
Atlas Copco has agreed to acquire Erkat Spezialmaschinen und Service GmbH, a Germany based manufacturer of drum cutter attachments for excavators.
“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 makes drum cutter attachments for excavators used primarily in construction and demolition and for quarries and tunnels.
The parties have agreed not to disclose the purchase price and this acquisition is expected to be completed in the first quarter of 2017.
The business will become part of the Construction Tools division in Atlas Copco’s Construction Technique business area.