First publishedon www.AggBusiness.com
Atlas Copco Group’s split into two companies – Atlas Copco and Epiroc – is said to be proceeding according to plan.
The separation of Atlas Copco, now focusing solely on industrial customers; and Epiroc, catering for customers involved in mining, infrastructure and natural resources, was first announced in January 2017 and implemented earlier this year. The split is said to ensure that both Atlas Copco and Epiroc have the best growth opportunities in their respective market segments.
Epiroc, still a subsidiary of Atlas Copco, is already operating under its own brand and logo. Subject to approval by Atlas Copco shareholders in April 2018, Epiroc will become a company in its own right and is due to be listed on the Nasdaq Stockholm during June.
“Epiroc is devoted to providing customers with products and services that enhance their productivity, energy efficiency, safety and ergonomics. The split will enable both groups to further strengthen our leading positions by delivering sustainable productivity solutions to all our customers,” said Petra Grandinson, Epiroc UK & Ireland Limited’s first general manager.