NAME: Atlas Copco to spin out mining business as Epiroc

STOCKHOLM – 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. [caption id="attachment_1003718433" align="alignleft" width="300"] Watch for the new Epicor name for Atlas Copco’s mining and rock excavation group.[/caption] On Jan. 16, 2017, Atlas Copco board of directors announced that it plans to split the group into two companies; Atlas Copco, focused on industrial customers, and  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. Explore the wide range of products and services available in Canada that will fall under the Epicor name at www.AtlasCopco.ca.