COMPANY NEWS New division focuses on customer prioritiesApr 2011
Atlas Copco News Release
A new dedicated business area for construction equipment and related services is designed to strengthen Altas Copco's focus on specific product and customer needs. From July 1, the giant Swedish construction and mining equipment group will have four business areas instead of three.
Divisions with underground and surface drilling products, plus crushing, loading and hauling, and exploration equipment will work under the umbrella of Mining and Rock Excavation Technique, while the divisions for portable compressors and generators, road construction equipment and construction tools will join forces in the new Construction Technique business area. Both areas will also create dedicated service divisions.
Örebro centre of the global distribution network
"With more focused business areas, each will have a strong platform from which they can develop the offering for their customers," says Ronnie Leten, President and CEO of the Atlas Copco Group. "The modified structure also allows us to better capture the sales and service synergies between our construction businesses and capitalize on the future growth of construction projects around the world, especially in emerging markets."
Recruitment of a president for the Construction Technique business area has started and appointment of a new president for the Mining and Rock Excavation Technique division was also announced this week.
Current President of the divisiomn Björn Rosengren is leaving the Group and Robert (Bob) Fessl is being promoted from within the company to the position.
Atlas Copco will begin financial reporting under the new structure from the third quarter 2011.
Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2010, Atlas Copco had about 33,000 employees and revenues of SEK70 billion (€7.3 billion).
Table 1. Proforma figures for the revenues and profitability of the four business areas in 2010
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