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Atlas Copco AB (ATCOa.ST)

ATCOa.ST on Stockholm Stock Exchange

318.50SEK
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Outgoing Atlas Copco CEO Leten proposed to join the SKF board
Friday, 24 Feb 2017 07:05am EST 

SKF : Says proposes that Ronnie Leten and Barb Samardzich are to be newly elected to Board of Directors . Leten has been CEO of Atlas Copco since 2009, where he will step down later this year. He is also Chairman of the Board of Directors of AB Electrolux . Samardzich has experience from several management positions within Ford Motor Company 1990-2016. She is also a Board member of Adient plc, Velodyne LidDAR and MTS Systems .Says Lena Treschow Torell and Joe Loughrey have declined re-election.  Full Article

Atlas Copco wins order worth EUR 22 mln in Turkey
Wednesday, 1 Feb 2017 02:35am EST 

Atlas Copco AB : Says wins equipment order for mining and construction projects in Turkey .Says order valued at Meur 22.2 (Msek 210).  Full Article

Atlas Copco plans to sell Dynapac, sees impairment charge of SEK 2 bln
Thursday, 12 Jan 2017 02:30am EST 

Atlas Copco AB : Says plans to divest its road construction equipment business . Says indicative valuations of business show a need for an impairment charge of approximately SEK 2 bln (BEUR 0.2) . Says impairment charge will be included already in group's 2016 accounts . Says reason for planned divestment is that division does not have economies of scale to become number one or two in this market segment .The products are known under the Dynapac trade name.  Full Article

Atlas Copco to acquire German compressor distributor
Wednesday, 7 Dec 2016 02:30am EST 

Atlas Copco Ab : Says to acquire German compressor distributor Kompressoren Druckluft- und Industrietechnik . Says about 10 employees will join Atlas Copco . The parties have agreed not to disclose the purchase price .The acquisition is expected to be completed shortly.  Full Article

Helena Hedblom to head Atlas Copco mining and rock excavation unit
Thursday, 1 Dec 2016 02:35am EST 

Atlas Copco Ab : Atlas Copco appoints Helena Hedblom president of mining and rock excavation technique business area Further company coverage: [ATCOa.ST] (Reporting By Simon Johnson) ((simon.c.johnson@thomsonreuters.com;)).  Full Article

Atlas Copco reiterates near-term demand outlook
Tuesday, 15 Nov 2016 01:30am EST 

Atlas Copco AB : Atlas Copco hosts capital markets day 2016 .Says confirms Atlas Copco's most recent outlook statement, that overall near-term demand for group is expected to remain at current level.  Full Article

OC Oerlikon Corporation completes sale of Vacuum Segment
Thursday, 1 Sep 2016 01:39am EDT 

OC Oerlikon Corporation AG Pfaeffikon : In 2016 full-year financial statements, Vacuum Business will be reported under discontinued operations .Expects net cash impact of around 330 million Swiss francs ($335.64 million) after closing vacuum segment sale to Atlas Copco and tax costs and result from discontinued operations in 2016 income statement to be approx. 280 million francs.  Full Article

Atlas Copco to buy Chinese self-pierce riveting business
Friday, 26 Aug 2016 02:30am EDT 

Atlas Copco Ab : has agreed to acquire the self-pierce riveting business of Phillip-Tech (Beijing) Co., Ltd . Based in Beijing, with a sales and engineering site in Shanghai, Phillip-Tech has about 45 employees . The company sells self-pierce riveting products and solutions designed by Atlas Copco-owned Henrob .The acquisition is expected to be completed in the fourth quarter 2016.  Full Article

Atlas Copco completes acquisition of South Korean exhaust management company
Friday, 5 Aug 2016 01:15am EDT 

Atlas Copco AB : Completes acquisition of South Korean exhaust management company . Atlas Copco announced on June 1, 2016 the agreement to acquire CSK [ID:nASN0002MH] . CSK has about 400 employees and had revenues in 2015 of BKRW 124.5 (MSEK 870) .The purchase price is BKRW 120 (MSEK 920) before potential adjustment.  Full Article

Outotec: Markku Teräsvasara assumes CEO duties on Oct. 1
Tuesday, 26 Jul 2016 08:00am EDT 

Outotec Oyj : Markku Teräsvasara assumes duties of Outotec's CEO on Oct. 1 .Teräsvasara will transfer to Outotec from Atlas Copco.  Full Article

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UPDATE 1-Finnish mining equipment maker Metso replaces CEO to spur growth

HELSINKI, May 3 Finland's mining equipment maker Metso on Wednesday appointed Nico Delvaux as chief executive from Swedish rival Atlas Copco to lead growth plans after years of restructuring and weak demand.