Atlas Copco Group to split
Atlas Copco Group’s mining and rock excavation technique business area and construction tools division will become a separate company in order to better focus on mining and civil engineering, the company says.
According to Atlas Copco, the new mining and civil engineering company will include 12,000 employees from all divisions within its rock excavation technique and construction tools divisions. It will also have its own board of directors and CEO.
“With the new company solely dedicated to mining and civil engineering, we can serve our customers even better than today,” says Helena Hedblom, business area president for the Atlas Copco mining and rock excavation technique division. “From an organizational point of view, there will be no changes. We have strong customer centers, professional people, excellent products and superior services. Our customer support will be reinforced as we can run operations more focused from present premises.”
The new company will be listed on the Nasdaq Stockholm stock exchange in mid-2018 following approval at the Atlas Copco Annual General Meeting in April 2018, the company adds.
Atlas Copco’s mining and rock excavation technique division, headquartered near Denver, is responsible for the sales, after-sales service and rental equipment for surface and underground rock excavation, exploration drilling, rock reinforcement, ground engineering, and water well, oil and gas drilling.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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