Atlas Copco has secured a deal to acquire the assets of Australian mining services provider, Hy-Performance Fluid Power.
Based in Brisbane, Hy-Performance Fluid Power provides remanufacturing, service and repair of hydraulic components for drill rigs.
The acquired business will become part of Atlas Copco’s Mining and Rock Excavation Technique business area, which is set to be renamed as Epiroc this year.
“The strong team at Hy-Performance Fluid Power will play an important role as we continue to strengthen our value offering to mining and infrastructure customers,” Atlas Copco’s Mining and Rock Excavation Technique business area president Helena Hedblom said.
Atlas Copco expects to complete the acquisition in first quarter 2018. A value for the deal has not been revealed.