Atlas Copco to buy German torque wrench maker
Atlas Copco has agreed to acquire Saltus-Werk Max Forst GmbH, a manufacturer of mechanical and electric torque solutions based in Germany.
Founded in 1919, Saltus has about 65 employees and had 2012 revenues of about MEUR 8 (MSEK 70). The company manufactures and sells a wide range of products for quality assurance in tightening, including mechanical, mechatronic and electronic wrenches as well as special sockets.
Saltus serves customer primarily in the German automotive industry.
“Quality demands from industrial manufacturers are steadily increasing and this acquisition strengthens our position in quality assurance,” said Mats Rahmström, Business Area President for Atlas Copco Industrial Technique. “It extends our product and service offers to the motor vehicle segment and general industry, and ensures we become a more complete supplier of torque wrenches within quality assurance.”
The acquired business will be part of the MVI Tools and Assembly Systems division within Atlas Copco’s Industrial Technique business area. The acquisition is expected to be closed before the end of May 2013.
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