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Epiroc AB (publ)
Epiroc makes the machines and tools that miners and construction crews use to drill, dig, and move rock, and it services that equipment afterward.
Epiroc builds the heavy equipment that makes holes in the ground. Mining companies use its drill rigs to bore blast holes into rock, load the loosened ore, and haul it out. Construction crews use similar machines to break rock for tunnels, roads, and buildings. The company also sells the drill bits and tools that actually cut into stone, plus a large service business that keeps all this equipment running.
The service side matters more than it might sound. Rock drilling is brutal on metal, so parts wear out constantly, and miners cannot afford a stalled machine. Epiroc's network of technicians and spare parts keeps customers' rigs working and brings in steady revenue that does not swing with every mining cycle. The company also sells automation and digital systems that let miners run equipment remotely or underground without putting people in danger.
Epiroc began as the mining and rock excavation arm of Atlas Copco and was spun off as its own listed company in 2018, headquartered in Stockholm. It competes with Sandvik and other equipment makers, and its fortunes track mining investment and construction activity. When commodity prices are high and miners expand, Epiroc sells more rigs; when times are lean, the service and parts business helps cushion the fall. It spends heavily on acquisitions to add tools, technology, and regional reach, and it pays a dividend to shareholders.
Saved answer · last researched 12 Nov 2026