Atlas Copco Discontinues Mobile Crushing and Screening Business

Regulatoy News:

Atlas Copco (STO:ATCOA)(STO:ATCOB), a leading provider of sustainable productivity solutions, has decided to discontinue its Powercrusher business, in which it manufactures and sells mobile crushers and screeners for quarrying, civil engineering and recycling.

Atlas Copco will stop the manufacturing in the plant in St. Valentin, Austria, during 2015. Atlas Copco will arrange for customers getting aftermarket service support for the existing fleet also in the future.

"We are discontinuing this business as it does not fit strategically for us,” said Johan Halling, President of Atlas Copco’s Mining and Rock Excavation Technique business area. "We will ensure existing Powercrusher customers will continue to have their equipment serviced in the best way."

The Powercrusher business has about 70 employees and had revenues in 2014 of about MSEK 255 (MEUR 28).

Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2014, Atlas Copco had revenues of BSEK 94 (BEUR 10.3) and more than 44 000 employees. Learn more at www.atlascopco.com.

Atlas Copco’s Mining and Rock Excavation Technique business area provides equipment for drilling and rock excavation, a complete range of related consumables and service through a global network. The business area innovates for sustainable productivity in surface and underground mining, infrastructure, civil works, well drilling and geotechnical applications. Principal product development and manufacturing units are located in Sweden, the United States, Canada, China and India.

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