1998

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January 13, 1998

Divestments

Stockholm, January 13, 1998---Atlas Copco will phase out its tunnel boring machine operations, which involves Atlas Copco Robbins. The changing conditions for the mechanical rock excavation business, with a cyclical and limited demand together with a...

January 15, 1998

Appointments

Stockholm, January 15, 1998---Peter Möller, Vice President of Saab Automobile, has been appointed President of Atlas Copco’s Industrial Tools and Equipment Division. He has been responsible for technical development and production within Saab Automob...

April 8, 1998

Stockholm April 8, 1998---Atlas Copco AB has issued a USD 375 million Yankee bond (rule 144a). The bond loan has a 10-year maturity and a coupon of 6.50 %.

August 4, 1998

Financial reports

Stockholm, August 4, 1998 --- For the first six months of 1998, the Atlas Copco Group achieved operating profit 26 percent stronger than in the first half of 1997. "Despite higher financial costs for our expansion into the equipment rental business i...

September 23, 1998

Stockholm, September 23, 1998--- The Atlas Copco Group has announced that it will combine the operations of its U.S. subsidiaries Atlas Copco Rental, Inc., and Prime Service, Inc., to better satisfy the needs of industrial firms for rental equipment....

October 22, 1998

Financial reports

For the first nine months of 1998, the Atlas Copco Group achieved an operating profit 19 percent higher than for the first nine months of 1997. "More than half of the increase in operating profit resulted from the acquisition of Prime," said Giulio M...