Atlas Copco to Explore Selling Rental Business
Following what it said was “a thorough strategic review,” Atlas Copco has decided to explore a divestment of its construction equipment rental operations, i.e. the U.S.-based Rental Service Business Area.
"The Rental Service business is growing and performing extremely well," said Gunnar Brock, president and CEO, Atlas Copco Group. "The operating environment and the business characteristics, however, are very different from Atlas Copco's industrial equipment operations and the possibilities to capture and develop synergies are limited."
The Atlas Copco said its strategy is to be and remain a global leader in its businesses, yet the Atlas Copco Rental Service operation is only active in
The divestment process will start immediately, with the aim of generating the highest possible value for the Atlas Copco shareholders. Deutsche Bank has been retained to advise and assist in this process.