Industry Europe – Issue 23.9

Page 19

LINKINGUP Atlas Copco acquires US construction tools company

Collaboration between Sekisui Alveo and Mergon Automotive

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tlas Copco, a leading provider of sustainable productivity solutions, has acquired Pneumatic Holdings Inc., a leading US provider of pneumatic light construction tools. Pneumatic Holdings, based in Santa Fe Springs, California, provides light pneumatic construction tools including paving breakers, chipping hammers, rivet busters and rock drills. The company has 16 employees and had revenue in 2012 of MUSD 10.8 (MSEK 73). The new legal owner is Atlas Copco Construction Mining Technique USA, LLC.

“The acquisition of Pneumatic Holdings strengthens our distribution and presence in the North American construction market,” said Nico Delvaux, president of Atlas Copco’s Construction Technique business area. Pneumatic Holdings’s main customer segments consist of contractors and rental companies within the construction industry. The company becomes part of the Construction Tools division in Atlas Copco’s Construction Technique business area. Visit: www.atlascopco.com

Saab Seaeye acquires Hydro-Lek S

aab Seaeye, a wholly owned subsidiary of defence and security company Saab, has acquired Hydro-Lek Limited, a UK manipulator and tooling manufacturer for underwater vehicles. The acquisition strengthens Saab Seaeye’s product portfolio of remotely operated, autonomous and hybrid underwater vehicles with the ambition to further grow the company. Formed 20 years ago, Hydro-Lek is an established supplier of manipulators and tooling for the ROV industry and defence and research industries. The acquisition enables Saab Seaeye to leverage

SKF to acquire Kaydon Corporation

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KF and Kaydon Corporation have agreed that SKF will acquire Kaydon in an all-cash transaction valued at approximately USD 1.25 billion, including USD 95 million of net debt. Tom Johnstone, SKF president and CEO, explains, “We have followed the development of Kaydon for a long time. They have a strong product portfolio, strong manage-

Hydro-Lek’s unique tooling capability to further increase its presence in the commercial ROV market as a complete underwater ROV supplier. 

 Hydro-Lek will be a fully owned subsidiary of Saab Seaeye Limited, which is part of the underwater systems operation within Saab’s business area Dynamics. 
 Hydro-Lek, located in Finchampstead Berkshire, UK has a workforce of approximately 25 employees and service a global base of offshore industry customers in Europe, US and Asia. Visit: www.saab.com ment and a solid financial performance and I am delighted that they will soon be part of the SKF Group. The complementary nature of their products and technologies, their geographical and customer presence and their manufacturing footprint will enable us to even better serve our customers and distributors in the industrial market worldwide. In particular this acquisition, combined with

ekisui Alveo, a manufacturer of polyolefin foams and Mergon Automotive, a specialist in technical moulded parts, have signed a collaboration agreement. The objective is the joint development of PO foam air ducts for the automotive industry. The focus is the development of a special manufacturing process. In addition, new standards for weight savings and reduction of assembly components are to be implemented in the early development phase. The agreement between Sekisui Alveo and Mergon envisages investment in a series of prototype moulds. They will develop solutions for current and future vehicle models. Mergon Automotive specialises in the production of air ducts for automotive interiors, for example in instrument panels and centre consoles. As part of the new collaboration Mergon Automotive will invest into equipment to enable the production of these parts using the vacuum twin-sheet process. Following the development and fabrication of the prototype moulds it is planned to trial thermoforming of the prototype air ducts in order to fine tune the moulds to the foam. This is done at Sekisui Alveo’s in-house Application Service Laboratory in Lucerne, Switzerland. Visit: www.mergon.com

our other activities, investments and acquisitions in the last few years, shows our strong commitment to the North American market.” Kaydon is a diversified industrial manufacturer with three distinct business areas: friction control products (bearings), velocity control products and speciality products, including environmental services. Visit: www.skf.com Industry Europe 19


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Articles inside

Creative glass solutions Yorim

9min
pages 192-198

Creating value from waste IL Recycling

4min
pages 188-191

Unlocking potential Axa Stenman

6min
pages 184-187

Sustainability in high performance fibre-based materials Ahlstrom

3min
pages 168-173

Continuous expansion for logistics leader

6min
pages 174-179

Flexible logistics solutions DSV

3min
pages 180-183

Total tooling T-Plasztik

5min
pages 164-167

Integrated single-source cable solutions Murrplastik

5min
pages 161-163

Special steels – a new dimension ABS

6min
pages 154-157

In partnership with nature Spačva

5min
pages 136-138

Constant innovation in linear technology

4min
pages 150-153

Continued growth for forest products leader

4min
pages 133-135

Energy-efficient cooling Bonnet Neve

4min
pages 139-141

Innovation in automation Rocla

5min
pages 146-149

Special solutions for offshore operations Kenz Figee

7min
pages 142-145

Underground solutions Normet

1min
pages 158-160

The healthy dairy alternative AGRO Danmis

6min
pages 126-129

The taste of nature EkoLukta

5min
pages 130-132

High expertise in generators TES Vsetín

4min
pages 123-125

Driving in the right direction Nord Motoriduttori

8min
pages 118-122

Controlling the power ETI Group

5min
pages 112-114

A breath of fresh air Elica

4min
pages 115-117

Design, comfort and value in contemporary furniture Forma Ideale

4min
pages 109-111

Science and style in children’s shoes Ivančica

9min
pages 106-108

A supermarket giant Tesco

2min
pages 99-101

Leading the way in hygienic disposables Ontex

9min
pages 82-98

Fighting illegal trading Imperial Tobacco

7min
pages 102-105

Colourful market leader Flügger

4min
pages 78-81

Clever design Reynaers

9min
pages 66-72

The true all-rounder of construction specialists

5min
pages 62-65

Building a sustainable future Skanska

4min
pages 73-77

Building for a sustainable future KLH Massivholz

5min
pages 58-61

Dynamic development Alutech

6min
pages 48-53

Technology and art in steel structures Cimolai

7min
pages 54-57

Forging ahead with high-precision hand tools Unior

4min
pages 45-47

Electric vehicles driving growth Lear Corporation

4min
pages 32-35

Chemistry and engineering: A successful marriage

7min
pages 28-31

Driven by electronic innovation Meta System

5min
pages 36-41

Taking care of your vehicle Ravaglioli

5min
pages 42-44

Winning business New orders and contracts

5min
pages 14-15

Industry people Appointments

3min
page 19

Focus on Germany Allan Hall reports from Berlin

3min
page 22

Moving on Relocations and expansions

3min
page 18

Bill Jamieson Oh, to break out of the euro bathtub

2min
page 4

Marseille’s new museum

5min
pages 12-13

Linking up Combining strengths

7min
pages 16-17

Technology spotlight Advances in technology

3min
page 20
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