Atlas Copco has exercised an option to buy the remaining 75 percent of shares in Focus Rocbit and Prisma Roctools. They provide complementary products and services for rotary and down-the-hole drilling. Atlas Copco acquired 25 percent of the companies last year, and the companies have been operating as joint ventures of the Secoroc division since then. Focus is a manufacturer of bits for rotary drilling, and Prisma makes bits and hammers for down-the-hole drilling. Both companies are headquartered in Hyderabad, India.
“Focus and Prisma
have shown a satisfactory development during the past year. It is with pleasure
we now welcome their employees to the Atlas Copco Group, and we look forward to
serving Focus and Prisma’s customers,” says Björn Rosengren, president of Atlas
Copco’s Construction and Mining Technique business area.
As part of the acquisition agreement, Focus Mining Service
Co. out of Charleston, W.Va., will continue to act as an Atlas Copco
distributor, primarily in the eastern coal markets.
Atlas Copco Acquisitions
April 23, 2009