Swedish equipment manufacturer Atlas Copco has strengthened its position in the mining and underground sector with the acquisition of Meyco Equipment, the Swiss sprayed-concrete specialist, from chemicals giant BASF.
Already well-known in the mining and tunnelling industries for its rock drills and drilling rigs, Atlas Copco says this acquisition fills a gap in its range of underground construction equipment.
Meyco Equipment was one of the pioneers of sprayed concrete as a means of supporting tunnels and rock faces and claims to have developed the first-ever rotary-pump shotcreting machine.
As part of BASF, the company has developed a range of both equipment and the materials used for shotcreting.
Equipment and materials business split
Under the terms of the deal, Atlas Copco acquires Meyco’s equipment business while BASF retains the materials side of the operation.
Atlas Copco and BASF will now co-operate in developing new concrete-spraying technology, says Atlas Copco’s underground rock excavation division president David Shellhammer.
“BASF is in chemicals; we make machines,” he says. “It makes sense that BASF continues to develop the concrete products while we concentrate on the equipment.”
Mr Shellhammer tells Construction News the deal promotes Atlas to the first division in sprayed concrete equipment.
“There are basically three leading companies: Puttmeister, Normet and Meyco,” he says. “This is a new sector for us – we’ve never had this equipment before – but it fills a gap in our product range and makes us one of the leaders in underground construction.”