Normet has acquired Atlas Copco’s MEYCO dry concrete spraying business.
This agreement includes the Piccola and GM models and brand names.
The two groups did not disclose a price for the acquisition.
“This acquisition is a good strategic fit for Normet as it broadens the offering for our existing customers in mining and tunnelling,” Tom Melbye, Normet’s president, said.
“It also complements our offering of new technologies in Construction Chemicals, especially with respect to the application of the Tamseal 800 waterproofing sprayable membrane.”
The new business will be headed by Tom Kurth, the former managing director of MEYCO at Atlas Copco.
Manufacturing will continue in Switzerland.