Erkat is based in Hämbach, Germany, and has sales and service locations worldwide. The company makes drum cutter attachments for excavators used primarily in construction and demolition and for quarrying and tunneling. The Erkat brand name is well recognised for premium quality and continuous innovation.
Erkat has 38 employees and had revenues in 2015 of MEUR 12 (MSEK 110).
“Drum cutters are an ideal complementary product for Atlas Copco as a solution provider in rock excavation, tunnel and foundation profiling and demolition,” said Vladimir Kozlovskiy, President of Atlas Copco´s Construction Tools Division.
A new technology is breaking through in demolition and rock excavation today, mainly driven by legislation, to reduce sound and vibration, but also to improve performance in certain applications and material properties. “Drum Cutters close the gap between the ordinary buckets which are suitable for soil excavation and the highly sophisticated hydraulic breakers which are used in hard rock extraction, in certain applications.” adds Kozlovskiy.
The parties have agreed not to disclose the purchase price. The acquisition is expected to be completed in the first quarter of 2017.