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Epiroc splits Tools & Attachments division
20 March 2024
Swedish equipment giant Epiroc is to split its Tools & Attachments business division into two, the company has announced.
Epiroc to improve its focus on both tools and attachments. (PHOTO: Epiroc)
From May 1, 2024, the ‘Tools’ part of the division will become a standalone division called Rock Drilling Tools, while the ‘Attachments’ side will become the Mining & Infrastructure Attachments division.
Helena Hedblom, Epiroc’s President and CEO, said: “With past growth and now the ongoing acquisition of STANLEY Infrastructure – our largest acquisition ever – our tools and attachments business is expanding significantly.
“By dividing up the business into two dedicated divisions, we are optimizing the focus for all the business lines and supporting sustainable, profitable growth.”
In a move that the company says will allow it to strengthen the focus of each of the equipment segments, the subsequent creation of the two new separate divisions will also see the manufacturer appoint a new division president.
Martin Hjerpe, Epiroc’s Senior VP of Mergers & Acquisitions, Strategy and Supply Chain, will become President of the new Rock Drilling Tools division, while Goran Popovski, who currently leads the existing Tools & Attachments division, will head up the Mining & Infrastructure Attachments division.
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