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Atlas Copco AB (ATCOb.ST)

ATCOb.ST on Stockholm Stock Exchange

294.60SEK
28 Apr 2017
Change (% chg)

2.60kr (+0.89%)
Prev Close
292.00kr
Open
291.50kr
Day's High
295.20kr
Day's Low
291.50kr
Volume
723,269
Avg. Vol
732,163
52-wk High
302.00kr
52-wk Low
182.30kr

Latest Key Developments (Source: Significant Developments)

Ronnie Leten to be chair mining unit split from Atlas
Wednesday, 26 Apr 2017 10:00am EDT 

April 26 (Reuters) - Atlas Copco Ab :Ronnie Leten to be chair of the new company that Atlas Copco will dividend out in 2018.The board announced in Jan it will prepare a proposal to the Annual General Meeting 2018 to split the Group into two companies; Atlas Copco, focused on industrial customers, and a unit focused on mining and civil engineering customers..  Full Article

Atlas Copco to acquire pump rental business Itubombas in Brazil
Friday, 21 Apr 2017 02:30am EDT 

April 21 (Reuters) - Atlas Copco Ab ::Atlas Copco to acquire pump rental business in Brazil.Purchase price is not material relative to Atlas Copco's market capitalization and is not disclosed.Itubombas will become part of specialty rental division in Atlas Copco's construction technique business area.  Full Article

Atlas Copco buys Brazilian compressor manufacturer Pressure Compressores
Tuesday, 4 Apr 2017 02:30am EDT 

Atlas Copco AB : Atlas Copco to acquire Brazilian compressor manufacturer Pressure Compressores Ltda . Says it has about 150 employees and had revenues in 2016 of about MBRL 50 (msek 145) . Says acquisition is expected to be completed during the second quarter of 2017 .Says purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed.  Full Article

Atlas Copco appoints Henrik Elmin as new head of Industrial Technique unit
Monday, 20 Mar 2017 03:30am EDT 

Atlas Copco AB : Atlas Copco appoints Henrik Elmin president of Industrial Technique business area .Says he is currently president of Industrial Technique service division in same business area.  Full Article

Atlas Copco wins orders worth SEK 115 mln in Colombia
Friday, 17 Mar 2017 03:30am EDT 

Atlas Copco AB : Says wins orders for key Colombian road projects .Says colombian construction companies that are part of 4G program placed orders totaling musd 13 (msek 115) for atlas copco equipment..  Full Article

Atlas Copco enters into joint ventures with China's Hongwuhuan Group
Thursday, 2 Mar 2017 02:45am EST 

Atlas Copco AB : Atlas Copco strengthens China presence through joint ventures with Hongwuhuan Group . Says entered into two joint ventures with Hongwuhuan Group to develop, manufacture and sell equipment for the Chinese mining and civil engineering market . Says business will become part of Atlas Copco's surface and exploration drilling division in mining and rock excavation technique business area .Hongwuhuan Group, which manufactures drilling equipment and other machines, has more than 1,500 sales outlets and dealers across China..  Full Article

Atlas Copco acquires Turkish compressor distributor Orcan
Thursday, 2 Mar 2017 02:33am EST 

Atlas Copco AB : Atlas Copco acquires Turkish compressor distributor .Has acquired Orcan Basincli Hava Makinalari San. ve Tic. Ltd, which has 17 employees.  Full Article

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

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UPDATE 1-Atlas Copco profit beats forecast as growth comes surging back

* Sees improving demand in Q2 (Adds background, detail, shares, CEO comment)