Atlas Copco in agreement to acquire Erkat
17 January 2017
Sustainable productivity solutions specialist Atlas Copco has agreed to acquire Erkat Spezialmaschinen und Service, which makes drum cutter attachments for excavators.
The price of the acquisition, which is expected to take place before the end of March, has not been disclosed.
Erkat, based in Hämbach, Germany, has sales and service locations worldwide.
The company’s product are used mainly in construction and demolition, but also for quarries and tunnels.
It employs nearly 40 people and its turnover in 2015 was €12 million (US$12. 8 million)
“Drum cutters are an ideal complementary product for Atlas Copco,” said Vladimir Kozlovskiy, president of Atlas Copco´s Construction Tools Division.
“They close the gap in certain applications between the ordinary buckets suitable for soil excavation and the highly sophisticated hydraulic breakers which are used in hard rock extraction.”
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