Epiroc
{{Short description|Swedish mining services company}}
{{Infobox company
| name = Epiroc AB
| logo = Epiroc logo.png
| type = Aktiebolag
| traded_as = {{OMX|SSE156424|EPI A}}, {{OMXb|SSE156425|EPI B}}
| industry = Mining and infrastructure
| revenue = SEK 60.2 BSEK (2023)
| fate =
| predecessor =
| successor =
| founded = {{Start date and age|1873}} (as Atlas Copco)
{{Start date and age|2018|06|18}} (as Epiroc)
| founder =
| defunct =
| hq_location_city = Nacka
| hq_location_country = Sweden
| area_served =
| key_people = Ronnie Leten
(Chairman),
Helena Hedblom
(President and CEO)
| products =
| owner =
| num_employees = 18,056
| num_employees_year = 2023
| parent =
| website = {{URL|epirocgroup.com}}
{{URL|epiroc.com}}
}}
Epiroc AB is a Swedish manufacturer of mining and infrastructure equipment. It is headquartered in Stockholm, Sweden and has its manufacturing facilities in Sweden, the United States, Canada, Australia, China, India, Japan, and Germany.
History
Epiroc has its roots in Atlas Copco, which was founded in 1873 in Stockholm. It was created as a result of Atlas Copco's decision to split out its legacy business of mining equipment. 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.[https://www.bloomberg.com/news/articles/2017-01-16/atlas-copco-to-split-into-two-companies-with-ceo-leten-leaving Atlas Copco Plans Split in Two to List Mining Tool Business] {{Webarchive|url=https://web.archive.org/web/20181001104110/https://www.bloomberg.com/news/articles/2017-01-16/atlas-copco-to-split-into-two-companies-with-ceo-leten-leaving |date=2018-10-01 }} Bloomberg News. Epiroc was officially created on 1 January 2018 and was subsequently listed on the Nasdaq Stockholm stock exchange on June 18, 2018.
Epiroc operates as 5 divisions focused on their respective application of mining engineering, digital products, and services & service support.{{Cite web|url=https://www.epirocgroup.com/en/about-epiroc/our-businesses|title=Our businesses|last=Epiroc|website=Epiroc|access-date=2023-03-31}}
- Surface
- Underground
- Parts & Services
- Digital Solutions
- Tools & Attachments
Products and services
Epiroc offers a product portfolio of drilling rigs, rock drilling tools, trucks & loaders, raise boring equipment, excavator attachments, rock excavation equipment, rock reinforcement tools & underground mine ventilation systems, and service agreements related to equipment maintenance.{{Cite web|url=https://www.epiroc.com/en-in/products|title=Products|last=Epiroc|website=Epiroc|access-date=2019-10-02}} In 2022 it expanded into the field of hyperspectral imaging of core samples.{{Cite web |title=Epiroc to acquire Australian provider of digital core imaging solutions for mining companies |url=https://view.news.eu.nasdaq.com/view?id=b6b8211a3eaed423930960abeb409ac48&lang=en |access-date=2022-10-10 |website=view.news.eu.nasdaq.com}}
References
{{Reflist}}
Category:Swedish companies established in 2018
Category:Manufacturing companies based in Stockholm
Category:Mining equipment companies
Category:Multinational companies headquartered in Sweden
Category:Companies listed on Nasdaq Stockholm
Category:Manufacturing companies of Sweden
{{Atlas Copco|state=expanded}}
{{Sweden-company-stub}}