Atlas Copco buys BASF equipment business
8 Jan 2013
Ludwigshafen, Germany - BASF is selling its MEYCO Equipment business providing concrete spraying machines to the tunneling and mining industries to Atlas Copco.
The machinery manufacturer, which is based in Stockholm, Sweden, will continue operations at the only production site of MEYCO Equipment in Winterthur, Switzerland.
Currently, about 40 employees work in the MEYCO Equipment business at the Winterthur site and the sales and service office in Hermsdorf, Germany.
All employees will be transferred to the new owner. The business achieved sales of about €20 million in 2011. Both parties have agreed to not disclose financial details of the transaction.
The purchase is subject to approval by the relevant authorities and the transaction is expected to be completed by the first quarter of 2013.
