Epiroc to acquire French attachments manufacturer
24 May 2024
Construction equipment work tools manufacturer Epiroc has agreed to acquire ACB+, a manufacturer of attachments and related couplers used by the construction industry.
Construction equipment work tools manufacturer Epiroc has agreed to acquire ACB+, a manufacturer of attachments and related couplers used by the construction industry.
ACB+ is based in Saint Lager, France, and has roughly 140 employees and several production facilities in the country. It manufactures attachments and quick couplers for excavators for used in construction, scrap recycling and deconstruction.
According to Epiroc, in the 12 months through to March 31, 2024, ACB+ saw revenues of about SEK 365,000,000 (US$34 million).
Helena Hedblom, Epiroc President and CEO, said: “ACB+ is known for its competence and high-quality products and solutions. This acquisition will strengthen our offering of quick couplers and attachments, thereby providing customers a more complete portfolio of productivity-enhancing products and solutions.
“We look forward to welcoming the strong team at ACB+ to Epiroc to grow together in the long-term.”
The acquisition is expected to be completed in the third quarter 2024. Both Epiroc and ACB+ have agreed not to disclose the purchase price, as the transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.
This latest news from the Swedish equipment giant comes just two months after it announced a massive restructuring of its Tools & Attachments business division, which was implemented at the beginning of this month (May 2024) as a result of the company’s purchase and integration of STANLEY Infrastructure.