Atlas Copco to acquire assets of drilling equipment maker

Atlas Copco Investment Company signed a contract last week to acquire assets of rock drilling manufacturer Shenyang Rock Drilling Machinery in China. The purchase price was not disclosed and the acquisition is subject to approval from local authorities. Shenyang Rock Drilling Machinery is a producer of pneumatic rock drilling equipment for the mining and construction industries. Atlas Copco said in a press release the acquisition is in line with its strategy to expand in Asia.