Atlas Copco announced it would acquire the assets of Hy-Performance Fluid Power Pty Ltd, an Australian service provider for the mining sector, based in Brisbane, with sales mainly in Australia. The company’s 26 employees remanufacture, service and repair hydraulic components for drill rigs.

“The Hy-Performance team will play an important role as we continue to strengthen our value offering to mining and infrastructure customers,” said Helena Hedblom, president of the Mining and Rock Excavation Technique business area. The acquisition is expected to be completed in the first quarter of 2018.

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(img:  Atlas Copco will acquire Hy-Performance Fluid Power. (Photo: Atlas Copco))