Bolt-tightening solutions specialist acquired
1 min read
Atlas Copco has acquired UK-based Tentec, which develops and markets bolt-tightening solutions. The company is based in West Bromwich and has 65 employees and had revenues in 2012 of £9.8 million.
Tentec was founded in 1988 and specialises in hydraulic bolt tensioners. The tools, which are used in the assembly of heavy equipment, are sold globally and the main customer segments are the oil and gas, mining and power generation industries, including wind power.
"The acquisition of Tentec completes our portfolio of hydraulic bolt-tightening solutions that we are offering to several key industries," said Mats Rahmström, business area president for Atlas Copco Industrial Technique. "This will help enhance customers' productivity and assembly process quality."
The acquired business becomes part of the General Industry Tools and Assembly Systems Division within Industrial Technique, and the legal owner is Atlas Copco Holding UK Ltd.
Atlas Copco is an industrial group and claims world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. It was founded in 1873 and is based in Stockholm, Sweden, but has a global reach spanning more than 170 countries. In 2012, Atlas Copco had 39 800 employees worldwide.
