The Atlas Copco Group said it is modifying its business area structure to strengthen focus on specific product and customer segments. As of July 1, the group will include four business areas instead of three, with the addition of a dedicated business area for construction equipment and related services.
Atlas Copco’s divisions for portable compressors and generators, road construction equipment and construction tools will join forces in the new Construction Technique business area. Divisions involving underground and surface drilling products, crushing, loading and hauling, and exploration equipment will work under the umbrella of Mining and Rock Excavation Technique. Both of these business areas will create dedicated service divisions. Compressor Technique will focus on stationary equipment for air and gas and related service, while Industrial Technique remains unchanged.
“With more focused business areas, each will have a strong platform from which they can develop the offering for their customers,” said Ronnie Leten, president and CEO. “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 pro-jects around the world, especially in emerging markets.”
Björn Rosengren, head of the existing Construction and Mining Technique business area, is leaving the group to become president and CEO of Wärtsilä Corp. Concurrent with the announcement of the restructuring, Atlas Copco appointed Robert (Bob) Fassl as president of the Mining and Rock Excavation Technique business area as of July 1. Fassl is currently head of Atlas Copco’s Drilling Solutions division, after having joined the company in 1982 and holding numerous positions at Atlas Copco businesses in North America, Sweden and the U.K.