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Atlas Copco completes acquisition of GIA

1/31/2012 7:00 AM EST  -   Atlas Copco
Stockholm, Sweden, January 31, 2012: Atlas Copco AB has today completed the acquisition of GIA Industri AB in Sweden from Vätterledens Verkstad AB, a subsidiary of Vätterledens Invest AB.
The acquired business has 113 employees and annual revenues of about MSEK 230. With the acquisition, Atlas Copco broadens its offering with products including electric mine trucks, utility vehicles, continuous loaders and...

Atlas Copco to acquire GIA, broadens offering for mining and tunneling

12/16/2011 3:00 AM EST  -   Atlas Copco
Stockholm, Sweden, December 16, 2011: Atlas Copco AB has agreed to acquire the underground business of GIA Industri AB from Vätterledens Verkstad AB. With the acquisition, Atlas Copco broadens its offering with products including electric mine trucks, utility vehicles and ventilation systems.
GIA Industri AB was founded in 1884 and has been owned by Vätterledens Verkstad AB since 1994. The GIA headquarter and...

Atlas Copco receives a new record order in Mexico

7/12/2011 3:00 AM EST  -   Atlas Copco
Stockholm, Sweden, July 12, 2011: Atlas Copco has received an order from the Mexican mining group Peñoles. Valued at about MUSD 67 (MSEK 420), it is one of the largest underground mining equipment contracts ever for Atlas Copco, and the company’s second very large order in Mexico this year.
Atlas Copco will deliver a total 87 machines, including equipment for face drilling, long hole drilling and bolting. The...
Robert Fassl
 

Atlas Copco appoints Bob Fassl as Business Area President for Mining and Rock Ex...

4/20/2011 6:03 AM EST  -   Atlas Copco
Stockholm, Sweden, April 20, 2011: Atlas Copco has appointed Robert (Bob) Fassl as President of the Mining and Rock Excavation Technique business area as of July 1, when the Group’s new business area structure also comes into effect.
Bob Fassl, born 1962, is currently head of Atlas Copco’s Drilling Solutions division, based in Texas, USA. A Canadian citizen, Bob joined Atlas Copco in 1982 and has held several...

Atlas Copco builds new research and development center in China

2/2/2011 8:29 AM EST  -   Atlas Copco
Stockholm, Sweden, February 2, 2011: Atlas Copco has decided to invest approximately MRMB 60 (MSEK 60) to build a new research and development center in Nanjing, China, to safeguard the Group’s competitiveness on the Chinese market. The center will employ approximately 250 people within three years after its completion.
The center will provide Atlas Copco’s Construction and Mining Technique divisions in China...

The Board of Directors’ proposal for a redemption procedure

2/2/2011 8:24 AM EST  -   Atlas Copco
Stockholm, Sweden, February 2, 2011: The financial position of Atlas Copco is strong and therefore the Board of Directors proposes to the Annual General Meeting a redemption procedure.
Atlas Copco has generated significant cash flows both during the financial crisis and during the fast growth of 2010. Without jeopardizing the capacity to finance further growth, the Board of Directors proposes to the Annual...

Ronnie Leten comments on Atlas Copco’s Q4 results

2/2/2011 6:20 AM EST  -   Atlas Copco
Stockholm, Sweden, February 2, 2011: Atlas Copco today reported record profits and continued order growth in the fourth quarter report. All three business areas achieved strong results and operating margins above 20%.
Order intake increased 27% to MSEK 19 374 (15 276), an organic growth of 28%. Revenues increased 22% to MSEK 19 401 (15 942) and operating profit increased to a new record of MSEK 4 007,...

Atlas Copco

2/2/2011 6:12 AM EST  -   Atlas Copco
Interim report on Q4 and full-year 2010 summary

(unaudited)
Record profit and continued order growth

· Order intake increased to MSEK 19 374, organic growth of 28%.
· Revenues increased 22% to MSEK 19 401 (15 942).
· Operating profit increased 64% to MSEK 4 007 (2 450, including restructuring costs of MSEK 80).
· Operating margin at 20.7% (15.4).
· Profit before tax amounted to MSEK 3 920 (2...

Atlas Copco receives mining equipment order in Zimbabwe

2/1/2011 2:30 AM EST  -   Atlas Copco
Stockholm, Sweden, February 1, 2011: Atlas Copco has received an order for mining equipment from Zimplats Holdings Limited, Zimbabwe, valued in excess of MSEK 170.
“This is a key order from Zimbabwe’s mining industry and shows that customers value our sustainable solutions,” says Björn Rosengren, Business Area President Atlas Copco Construction and Mining Technique.
The trial suite and subsequent order total...

Atlas Copco wins Good Design award

1/27/2011 7:00 AM EST  -   Atlas Copco
Stockholm, Sweden, January 27, 2011: Atlas Copco has won the renowned Good Design award for a new design language for its Chicago Pneumatic brand. The Chicago Pneumatic product range includes industrial and vehicle service tools, construction tools, as well as industrial and portable compressors.
The Good Design award is given by the Chicago Athenaeum: Museum of Architecture and Design, and the European Centre...