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Epiroc

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Epiroc AB is a Swedish industrial company that was created in 2018 when it was split off from Atlas Copco and dividended out to Atlas Copco's shareholders. Epiroc was listed on the Nasdaq Stockholm stock exchange on June 18, 2018.[1]

Epiroc makes mining and infrastructure equipment. It is headquartered in Stockholm, Sweden, with its manufacturing plants mainly in Sweden, the United States, Canada, China, and India.[2]

History

Epiroc has its roots in Atlas Copco, which was founded in 1873 in Stockholm. Atlas Copco began to produce rock drills in 1905. In January 2017, Atlas Copco's Board of Directors decided to propose to the Annual General Meeting that the company be divided, and that the mining and infrastructure business be listed as its own separate company in 2018.[3]

References

  1. ^ Epiroc cements Atlas Copco split with Nasdaq listing. Australian Mining.
  2. ^ Admission to trading of the shares in Epiroc Aktiebolag on Nasdaq Stockholm, page 2.
  3. ^ Atlas Copco Plans Split in Two to List Mining Tool Business Bloomberg News.


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