Atlas Copco 1915 drill

A 1915 Atlas Copco drill

ATLAS COPCO

STOCKHOLM, SWEDEN — Atlas Copco plans to acquire the assets of Cate Drilling Solutions LLC., a U.S. company that distributes and services Atlas Copco drilling equipment and components, the company announced Dec. 1.

Cate Drilling Solutions is based in Salt Lake City and is active in Nevada, Utah, Wyoming and Idaho. The company, with 35 employees, is an Atlas Copco full-service distributor for surface drilling products. Cate Drilling Solutions also has a state-of-the-art remanufacturing shop.

“Having the strong team at Cate Drilling Solutions as part of our Group will enable us to get closer to and serve even better our mining customers in Central United States,” said Helena Hedblom, president of Atlas Copco’s Mining and Rock Excavation Technique business area, in a statement.

The acquisition is expected to be completed in the first quarter 2018. The purchase price was not disclosed.

Cate Drilling Solutions will be part of the Mining and Rock Excavation Service division in Epiroc, the wholly-owned subsidiary of Atlas Copco that will be listed on the stock exchange in 2018 provided shareholders’ approval.

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