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Atlas Copco, Stockholm, Sweden, has acquired Orcan Basincli Hava Makinalari San. ve Tic. Ltd., a Turkish distributor and service provider of Atlas Copco industrial air compressors and related products. Terms were not disclosed.
Orcan is based in Istanbul and operates throughout the European region of Turkey. It will become part of Atlas Copco’s Compressor Technique business area.
Atlas Copco also has entered into two joint ventures with Hongwuhuan Group – which is based in Quzhou, in the Zhejiang province of Eastern China – to develop, manufacture and sell equipment for the Chinese mining and civil engineering market.
The equipment involves surface drilling rigs and rock drilling tools. One of the joint ventures, based in Quzhou, will focus on development and manufacturing. The other joint venture, based in Shanghai, will focus on sales.