STOCKHOLM Atlas Copco is acquiring U.S-based Rapid-Torc, which develops and markets hydraulic torque wrenches. The acquisition broadens Atlas Copco’s product range and will extend its expertise to new customers, according to Mats Rahmström, Business Area President for Atlas Copco Industrial Technique.
“This acquisition broadens our offering for existing customers and provides us with the opportunity to serve new customers in the oil and gas, and power generation segments,” said Rahmström.
Rapid-Torc, with offices in Houston, Texas, and Brussels, Belgium, has about 30 employees and specializes in hydraulic torque wrenches and also supplies bolt tensioners and related accessories for high-torque applications.