Atlas Copco Investment completed on Oct. 31 its acquisition of the assets of Shenyang Rock Drilling Machinery, located in China. Shenyang produces pneumatic rock drilling equipment for the mining and construction industries. Atlas Copco said in a press release the move is in line with its strategy to expand its business in Asia, and the acquisition will complement the position of its brand in China. A new company, Atlas Copco (Shenyang) Construction and Mining Equipment has been formed and is part of Atlas Copco’s Construction and Mining Technique business area. Atlas Copco Investment has also formed a joint venture with Shenyang Rock Drilling Machinery for rock drilling component manufacturing.
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