This week, 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 Atlas Copco’s Mining and Rock Excavation Technique business area.
The acquisition is expected to be completed in the first quarter 2018.
In related news, Atlas Copco said it had completed the acquisition of Rockdrill Services Australia Pty. Ltd. Based in Melbourne, Rockdrill Services has service shops in Kalgoorlie and Townsville. It’s 37 employees develop, remanufacture, service and repair rock drills.