Epiroc becomes fully independent company

The shares of Epiroc AB, the Swedish mining, infrastructure and natural resources equipment manufacturer with U.S. headquarters in Commerce City, Colorado, have started trading on Nasdaq Stockholm in Sweden. This marks the start of Epiroc as a fully independent company following its separation from the Atlas Copco Group, Stockholm. 

“We are excited to begin our journey as an independent company,” Turgay Ozan, president of Epiroc USA, says. “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 develops and produces drill rigs, rock excavation and construction equipment.

The company says it focuses on providing solutions that enhance productivity, safety and cost efficiency for its customers. It says its advancing the drive toward fossil-free mines with its growing fleet of battery-operated mining vehicles, and it is at the forefront of automation solutions for the industry.

For more information, visit www.epiroc.us.