Atlas Copco completed a spin-off of Epiroc.

Atlas Copco completed a spin-off of Epiroc into a standalone, listed, Swedish industrial company. All shares in the wholly-owned subsidiary Epiroc AB was distributed to Atlas Copco AB’s shareholders in proportion 1:1. One share in Atlas Copco AB entitle to one share in Epiroc AB. Holders of a series A share in Atlas Copco AB receives one series A share in Epiroc AB and holders of a series B share in Atlas Copco AB receives one series B share in Epiroc AB. “The two businesses have different demand drivers and demand characteristics,” said Ronnie Leten, President and CEO of the Atlas Copco Group. “A split will increase their respective abilities to add value to customers, grow the business and attract talent.”