HomeMarket NewsMiningEpiroc Announces Division Split to Enhance Business Focus

Epiroc Announces Division Split to Enhance Business Focus

Actionable Trade Ideas

always free

Executive Restructuring

On May 1, Epiroc is set to implement a strategic division split within its tools and attachments division. Martin Hjerpe, the current Senior Vice President of M&A, strategy, and supply chain, will step into the role of President for the Tools division. Goran Popovski, who presently serves as the president of the Tools & Attachments division, will transition to lead the Attachments division.

Optimizing Growth

Epiroc’s President and CEO, Helena Hedblom, emphasized the rationale behind this move, stating, β€œWith past growth and the recent acquisition of Stanley Infrastructure – our largest acquisition to date – our tools and attachments business is experiencing significant expansion. By splitting the business into two distinct divisions, we aim to enhance focus across all business lines and drive sustainable, profitable growth.”

Focus of Divisions

The Tools division at Epiroc will cater to top hammer and handheld drills, down-the-hole, rotary, and raise boring drills, along with ground support and supply chain expertise. On the other hand, the Attachments division will specialize in ground engaging tools (CR), hydraulic attachment tools, and Stanley Infrastructure units.

;libID=4115700
blank

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.