Epiroc Becomes Fully Independent as Shares Begin Trade on Nasdaq Stockholm

The shares of manufacturer Epiroc AB have started trading on Nasdaq Stockholm in Sweden, thus marking the beginning of Epiroc as a fully independent company following its separation from the Atlas Copco group.

Michael Roth

June 18, 2018

2 min read

“We are excited to begin our journey as an independent company,” said Turgay Ozan, president of Epiroc USA LLC, headquartered in 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 separate companies in 2018: Atlas Copco, focusing on industrial customers, and Epiroc, focusing on mining, infrastructure and natural resources customers. In the United States, Epiroc began operating as a separate business on Dec. 31, 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 more than 150 countries. The company develops and produces drill rigs, rock excavation and construction equipment, and provides service and comsumables.

Epiroc focuses on providing solutions that enhance productivity, safety and cost efficiency. For example, the company is advancing the drive toward fossil-free mines with its growing fleet of battery-operated mining vehicles, and is involved in developing automation solutions for the industry.

About the Author

Michael Roth

Editor

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.