The shares of Epiroc AB have started trading on Nasdaq Stockholm in Sweden, marking the start of Epiroc as a fully independent company following its separation from the Atlas Copco Group.
“We are excited to begin our journey as an independent company,” says Turgay Ozan, president of Epiroc USA LLC, Commerce City, Colo. “We are proud of our long and productive heritage in the Atlas Copco Group. At the same time, we look forward to serving our customers in an even more focused way.”
Atlas Copco announced in January 2017 that the group would split into two companies in 2018: Atlas Copco, focusing on industrial customers, and Epiroc, focusing on mining, infrastructure and natural resources customers. In the U.S., Epiroc began operating as an independent business on Dec. 1, 2017. The annual general meeting of Atlas Copco AB decided on April 24 to distribute all shares of Epiroc AB to the shareholders of Atlas Copco AB.
Epiroc serves customers in the mining, infrastructure and natural resources industries in more than 150 countries. According to the company, the company develops and produces innovative drill rigs, rock excavation and construction equipment with cutting-edge technologies, and provides world-class service and consumables.
For more information, visit www.epiroc.us.