Atlas-Copco mining spin-off begins operations

Epiroc AB has begun operating as an independent business. In January 2017, the Swedish industrial group Atlas Copco announced its intention to split into two companies: in future, the industrial business is to be pooled under the name of Atlas Copco, while Epiroc will focus on the dismantling and mining as well as on infrastructure projects and resource extraction. The preliminaries for the split-up are already underway; however, the shareholders of Atlas Copco AB must have the plans approved at the annual general meeting in April 2018. In the coming year, Epiroc will be listed on the stock market.

 

Epiroc however, still a subsidiary of the Atlas-Copco Group, has already begun operating under its own brand name and logo. The three companies Epiroc Deutschland GmbH based in Essen, Epiroc Österreich GmbH (Vienna) and Epiroc MEYCO AG (Studen) started their activities as legal entities on October 1, 2017. Currently, they employ a staff of over 100 and provide their customers, inter alia, with equipment for mining on the surface and underground, hydraulic hammers and grippers and concrete crushers as well as milling machines for dismantling work. The new Epiroc Deutschland GmbH based in Essen is a spin-off of the former Atlas Copco Berg- und Tunnelbautechnik GmbH that took over the hydraulic attachments sector from the former Atlas Copco MCT GmbH. Such attachments are also sold to the Benelux countries.

 

www.atlascopco.de

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