ACQUISITION: Nord-Lock Group Acquires Boltight Ltd.
9/14/2015 11:42:00 AM
HEADLINES
Ola Ringdahl (left) and Fred Heaton
Sweden-based Nord-Lock Group acquired Boltight Limited, a UK hydraulic bolt tensioning company. Terms were not disclosed.
Boltight will continue to operate from its Walsall facility in the West Midlands under the leadership of managing director Fred Heaton.
Founded in 1999, Boltight’s bolt tensioning systems are used in the oil and gas, power generation, wind energy, industrial engineering, construction and mining industries. Web: boltight.com
Nord-Lock specializes in bolt securing and bolt tensioning systems.
“The combined strength of the Nord-Lock wedge locking washers, the Superbolt mechanical tensioning systems, and the Boltight innovative hydraulic bolt tensioning systems creates a wide ranging powerhouse and dominant force in the increasingly important area of secure bolting solutions,” Nord-Lock stated in a press release.
“Utilising the combined distribution outlets now available within the Group, each company can more quickly develop and support their customers.”
Nord-Lock CEO Ola Ringdahl added: “Boltight’s high-quality product range will open up many interesting business opportunities.” Web: nord-lock.com
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