Sweden's Atlas Copco (SW:ATCOA) revealed that it would split into two listed companies this year, forming an industrial business and a separate mining and civil engineering company, with the working name NewCo, whose equity would be distributed among shareholders.
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The decision to separate Atlas Copco into two entities has been undertaken to enable more focused management, better capital allocation and value creation for shareholders. As part of the changes, the group will divest its road construction equipment division, including the Dynapac brand.
It was also announced that Mats Rahmström has been appointed president and chief executive, taking over the reins from Ronnie Leten at the end of April.
