In early 2017, Atlas Copco announced the company split proposal, resulting in two separate global companies, Atlas Copco and the new company which named Epiroc in May. The company split is aimed at making both companies fully focused and dedicated their business. The Atlas Copco group will focus on the industrial customers, while the Epiroc group will be dedicated to mining, infrastructure and natural resources industries. Both companies will be the undisputed market leaders within their respective areas.
For Epiroc Greater China, there have been no change in the operations and organization structure from the company split and legal entity name change. We will continue providing you with the excellent products and services building on proven Atlas Copco expertise and performance with the same people and bold new drive. In 2018, we will rebrand our products from Atlas Copco to Epiroc gradually.
Both the Board and Management are convinced that the split companies can serve the customers even better than today and bring long-term shareholder value will be created by splitting the Group into two separate companies. Both businesses are global leaders in their respective fields and benefit from a more focused management responsibility. Atlas Copco and Epiroc have different end-markets with different demand drivers and demand patterns, and a split will increase their respective abilities to add value to customers, grow the business and attract talent. Now is the right time to do this.
The Epiroc will be able to strengthen its focus due to it having a Board and Management that will be able to be more dedicated to this business. There are plenty of growth opportunities within our existing segments and also adjacent segments.
There have been no changes in our business operation. Our customers will not be affected by split. We have strong customer centres, professional people, excellent products and superior service. This will continue and in fact be further strengthened as we can run operations even more focused.
The business scope of Epiroc Greater China includes:
There will be no impact on our product companies and distribution centres, as we do not share them with other business areas.
The Headquarter of Epiroc Customer Centre Greater China is located in Nanjing, Jiangsu. Now we have 8 branches in the mainland China.
Focus areas include automation, digitalization, innovation, operational excellence. We are absolutely focused on growing and strengthen the position as the undisputed market leader.