Atlas Copco to acquire South African exploration manufacturing business

Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire the assets of Renegade Drilling Supplies Proprietary Ltd., a South African manufacturer and distributor of drilling consumables for mining exploration. The business will become part of Epiroc South Africa (Pty) Ltd.’s Rock Drilling Tools division. Epiroc, a wholly-owned subsidiary of the Atlas Copco Group, was created when Atlas Copco split into two separate international groups of companies in 2017. This development saw Atlas Copco’s Mining & Rock Excavation Technique Business Area together with its Construction Tools division form part of Epiroc with a mining and civil engineering sector focus. Epiroc AB is planned to be listed on the stock exchange in 2018. The industrial businesses remain with Atlas Copco.