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Atlas Copco AB (ATCOb.ST)

ATCOb.ST on Stockholm Stock Exchange

24 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Atlas Copco Q2 operating profit, order intake beat forecast
Friday, 15 Jul 2016 06:12am EDT 

Atlas Copco AB : Q2 revenues were SEK 25,438 mln vs year-ago 26,111 mln, unchanged organically . Q2 reported operating profit was SEK 4,775 mln vs year-ago 5,072 mln, including items affecting comparability of SEK -47 mln . Q2 adjusted operating profit was SEK 4,822 mln vs year-ago 5,162 mln, corresponding to a margin of 19.0 pct vs year-ago 19.8 pct . Q2 orders decreased 3 pct to SEK 25,934 mln, organic decline of 1 pct . Says overall demand for group is expected to remain at current level near-term . Reuters poll: Atlas copco Q2 order intake seen at 25.3 bln SEK, EBIT at 4.6 bln SEK . Says relatively low activity in construction as well as the closure and downsizing of mines at the end of 2015 and early 2016 impacted the related service business and the order volumes decreased yr/yr . Says demand was solid for industrial compressors and tools . Says relatively low activity in construction business and recent closure and downsizing of mines impacted equipment and service business .Atlas Copco shares rise 2.7 pct after results.  Full Article

Atlas Copco acquires Roxel Rental AS
Monday, 4 Jul 2016 02:37am EDT 

Atlas Copco Ab : Atlas Copco acquires the operating assets of Roxel Rental AS, a supplier of temporary air solutions for the Norwegian offshore industry. . Roxel Rental is based in Stavanger, Norway, and is part of the Roxel Group. . Bought company had revenues in 2015 of about NOK 12 million (EUR 1.3 million). .The parties have agreed not to disclose the purchase price..  Full Article

Atlas Copco says to acquire German company with 110 employees
Wednesday, 15 Jun 2016 02:33am EDT 

Atlas Copco Ab : Says to acquire German compressed air specialist . Says to acquire Schneider Druckluft GmbH, a German designer and producer of professional compressed air solutions with a large network of retailers and specialist shops . Says company has about 110 employees and had revenues in 2015 of around MEUR 27 (MSEK 250). For the original story click here: http://mb.cision.com/Main/90/2028881/528613.pdf Further company coverage: [ATCOa.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Atlas Copco says to buy South Korea's CSK for SEK 840 mln
Wednesday, 1 Jun 2016 01:00am EDT 

Atlas Copco AB : Atlas copco to acquire South Korean abatement company . Says purchase price is BKRW 120, equal to SEK 840 million . Says CSK has about 400 employees and had revenues in 2015 of BKRW 124.5 (SEK 870 million) . Says acquisition is subject to regulatory approvals, and is expected to be completed in Q3 .Says seller is Hanyang ENG Co., Ltd., which is publicly listed on the Korean stock exchange KOSDAQ.  Full Article

Atlas Copco acquires compressor distributor
Monday, 2 May 2016 06:45am EDT 

Atlas Copco AB:Acquires compressor distributor.Kohler Druckluft is based in Eschen, Liechtenstein, and has about 30 employees.Says the company is an authorized Atlas Copco compressor distributor and specializes in selling, renting out and servicing industrial air compressors and air treatment systems.Says has operations in Austria, Switzerland and Liechtenstein.  Full Article

Atlas Copco AB to repurchase and sell shares
Wednesday, 27 Apr 2016 02:35am EDT 

Atlas Copco AB:To utilize mandates to repurchase and sell shares.The mandates cover acquisition of not more than 7,250,000 series A shares whereof a maximum of 7,000,000 may be transferred to option holders under the performance based personnel option plan 2016.Acquisition of not more than 70,000 series A shares, later to be sold on the market in connection with payment to Board members who have opted to receive synthetic shares as part of their remuneration.Sale of not more than 30,000 series A shares to cover costs related to previously issued synthetic shares to Board members.Sale of a maximum 5,500,000 series A and series B shares currently held by the company, for the purpose of covering costs of fulfilling obligations related to the performance based personnel option plans 2011, 2012 and 2013.  Full Article

Atlas Copco's US unit acquires compressor distributor
Friday, 15 Apr 2016 02:30am EDT 

Atlas Copco AB:Says acquires U.S. compressor distributor.Atlas Copco's U.S.based Quincy Compressor LLC has acquired Scales Industrial Technologies Inc., which distributes, services and rents out industrial air compressors and ancillary systems.The company has about 180 employees.The parties have agreed not to disclose the purchase price.  Full Article

Atlas Copco acquires french compressor distributor
Monday, 4 Apr 2016 02:30am EDT 

Atlas Copco AB:Atlas Copco acquires french compressor distributor with six employees.  Full Article

Atlas Copco to close two US facilities
Wednesday, 23 Mar 2016 03:30am EDT 

Atlas Copco AB:To consolidate mining consumables operations in United States.Says will close the facilities in Grand Prairie, Texas, and Salt Lake City, Utah, which belong to the Rock Drilling Tools division in the Mining and Rock Excavation Technique business area.Says about 140 people in total will be affected​.Says there will be about 65 Swedish crowns in restructuring costs, which will be booked starting in Q2 2016 and into 2017.Production will move to Fort Loudon, Pennsylvania, where investments will be made in people and the facility.In Grand Prairie, Atlas Copco manufactures rock excavation products.Transition of those production capabilities will begin around Nov. 2016 and be completed in 2017.Salt Lake City facility produces drill bits; the transition of its production capabilities will be completed by mid-2016.  Full Article

Atlas Copco AB says to buy Italian compressor maker FIAC
Tuesday, 26 Jan 2016 02:30am EST 

Atlas Copco AB:Has agreed to acquire FIAC, an Italian manufacturer of piston compressors and related equipment with a global sales network.FIAC is has about 400 employees.Says FIAC ‍had revenues in FY 2014 of about 70 million euros (640 million Swedish crowns).Acquisition is subject to regulatory approvals and is expected to be completed during Q1 2016​.  Full Article

More From Around the Web

Atlas Copco to split group, company veteran Rahmstrom named new CEO

STOCKHOLM Sweden's Atlas Copco said it would split into two listed companies in 2018, forming an industrial business and a separate mining and civil engineering firm whose equity would be distributed to the same shareholders.