Event summary
Atlas Copco has decided to rename its name in the field of Underground Drilling, surface Drilling, Exploration Drilling and Attachment for the New Year, and has named Epiroc as its name.
After these changes, epiroc will be a vendor of sales, after sales services, customer affairs, and affiliates of all of the aforementioned products around the world as one of Atlas Copco's subsidiaries
Epiroc offices are now operational in all countries of the world, and will start its activities from the beginning of the year.
Event details
Atlas Copco announces Epiroc as name of the company to be dividended out in 2018
Stockholm, Sweden, May 2, 2017: Atlas Copco, a leading provider of sustainable productivity solutions, has decided that Epiroc will be the name of the company that the Group will dividend out in 2018 provided shareholder approval.
“With Epiroc we have found a short, distinct and timeless name that is spot on for the mining and civil engineering business,” said Annika Berglund, Senior Vice President Corporate Communications and Governmental Affairs.
On January 16, 2017, Atlas Copco Board of Directors announced that it will prepare a proposal to the Annual General Meeting 2018 to split the Group into two companies; Atlas Copco, focused on industrial customers, and another one - now named Epiroc - focused on mining and civil engineering customers. The plan is to have both companies listed on the Nasdaq Stockholm stock exchange.
Epiroc was selected out of almost 1 000 names evaluated. Epi is a prefix meaning “on” or “at” in Latin and Greek. Roc signals stability and durability, and rock is one of the most important materials that the company works with.