Atlas Copco has acquired U.K.-based bolt tightening developer and marketing firm Tentec Ltd.
Tentec, based in West Bromwich, has 65 employees and had revenues, in 2012, of £9.8million.
The company, which was founded in 1988, 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.