Epiroc becomes fully independent company19 June 2018
US – The shares of Epiroc AB, a manufacturer for the mining, infrastructure and natural resources industries, have started trading on Nasdaq Stockholm in Sweden, it announced Monday, June 18. This marks 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,” said Turgay Ozan, president of Epiroc USA LLC, headquartered in Commerce City, Colorado. “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 US, Epiroc began operating as an independent business on December 1, 2017. The Annual General Meeting of Atlas Copco AB decided on April 24, 2018, to distribute all shares of Epiroc AB to the shareholders of Atlas Copco AB.