Atlas Copco India acquires 25% stake in two Hyderabad-based firms

Atlas Copco India Ltd (ACI), the Indian subsidiary of Swiss industrial productivity equipment manufacturer Atlas Copco AB, has acquired 25% holding in two Hyderabad-based drilling technology companies—Focus Rocbit Pvt. Ltd and Prisma Roctools Pvt Ltd—for an undisclosed amount .

Further, Atlas Capco has the option to acquire the balance 75% holding in these two companies over the next 12 months, subject to necessary approvals.

Focus Rocbit is engaged in manufacture and sale of Rotary Bits and complementary products and services for the surface mining segment. While, Prisma is engaged in manufacture and sale of DTH Hammers and Bits and other complementary products and services for Rotary and down-the-hole (DTH) drilling segment.

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