Atlas Copco Acquires Bolt-Tightening Solutions Specialist

Atlas Copco ATLKY has acquired UK-based Tentec Ltd., which develops and markets bolt-tightening solutions. The acquisition broadens Atlas Copco's range of products and services offered to the oil and gas, power generation and mining industries. Tentec, based in West Bromwich, United Kingdom, has 65 employees and had revenues in 2012 of MGBP 9.8 (MSEK 105). The company, which was founded in 1988, specializes 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 See full press release