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Atlas Copco Refocuses Business Strategy

Atlas-Copco-logoIn a move to refocus Atlas Copco on products with better profitability and growth opportunities, the world’s largest maker of industrial compressors, plans to split into two listed companies in 2018.

The Stockholm based company said that the newly created company with the working name NewCo will focus on mining and civil engineering.

Atlas-copco-picUnder the plan to be put to shareholders next year, Atlas Copco will retain the compressor and vacuum businesses and will effectively be spinning off the mining and construction-equipment business that has weathered the downturn better than many competitors.

In December 2016, Atlas Copco acquired Air Power of Nebraska. Based in Omaha, the company sells, installs and services compressed air products and related systems to customers in the surrounding region.

Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems.

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Tribute, Inc. is a provider of ERP business management software for distributors and system integrators in the fluid power, hose, motion control, automation, fluid handling & pump industry who provide value-added services.