# EPIROC A

Summary updated: 2026-03-19T22:12:09.794723Z
Canonical: https://finbar.com/research/companies/epiroc-a

## Overview

Epiroc AB is a Sweden-based industrial technology company that develops, manufactures and markets equipment, tools, aftermarket support and other solutions for the mining and infrastructure industries, particularly for surface and underground hard-rock applications. Its offering includes drill rigs, rock excavation and construction equipment, and tools, alongside services and solutions for automation, digitalization and electrification. The company states that its mission is to accelerate the productivity and sustainability transformation in its industry. Epiroc traces its roots to 1873 as part of Atlas Copco and became an independent listed company in 2018. [1](https://app.finbar.com/go?id=P-6baa691dd7bb4bc887943de1b1d7d091)[2](https://app.finbar.com/go?id=P-df39f53ef0c44f40b8146547b4329e97)[3](https://app.finbar.com/go?id=P-f5663d95349a47c5b3f21b76de03c2b0)

Epiroc operates globally, with sales in around 150 countries and local customer centers in more than 60 countries, supported by production facilities, distribution centers and customer centers across its divisions. Its business is organized around Equipment & Service and Tools & Attachments, which represented 77% and 23% of 2024 revenue, respectively. In 2024, Epiroc reported record revenue of about SEK 63.6 billion and had 18,874 employees, underscoring its scale as a global supplier to mining and infrastructure customers. [4](https://app.finbar.com/go?id=P-a46066fa62864c6b8836554ab80997ba)[5](https://app.finbar.com/go?id=P-318783d36e3a417eb4d8f8d7ed441679)[6](https://app.finbar.com/go?id=P-383e74d924734ca490e94ebcf81cb44a)[7](https://app.finbar.com/go?id=P-5350ea96fcd54504b5ae84d2e423e084)[8](https://app.finbar.com/go?id=P-e07d82a810eb45c18b6db54ce1b161b6)[9](https://app.finbar.com/go?id=P-ed8e7caedaf546eb9ad7ad8fc52eb0c4)
[1](https://app.finbar.com/go?id=P-6baa691dd7bb4bc887943de1b1d7d091)[2](https://app.finbar.com/go?id=P-df39f53ef0c44f40b8146547b4329e97)[3](https://app.finbar.com/go?id=P-f5663d95349a47c5b3f21b76de03c2b0)[4](https://app.finbar.com/go?id=P-a46066fa62864c6b8836554ab80997ba)[5](https://app.finbar.com/go?id=P-318783d36e3a417eb4d8f8d7ed441679)[6](https://app.finbar.com/go?id=P-383e74d924734ca490e94ebcf81cb44a)[7](https://app.finbar.com/go?id=P-5350ea96fcd54504b5ae84d2e423e084)[8](https://app.finbar.com/go?id=P-e07d82a810eb45c18b6db54ce1b161b6)[9](https://app.finbar.com/go?id=P-ed8e7caedaf546eb9ad7ad8fc52eb0c4)

## Products & services

Epiroc’s products center on rock drilling and excavation equipment for surface and underground use. In surface applications, it offers surface rock drilling equipment including Pit Viper rotary blasthole drills and SmartROC D65 rigs; Pit Viper rigs can drill holes up to 40 cm in diameter with up to 20 meters of clean-hole single-pass capability, and the Pit Viper 271 E is described as an electric-driven rotary blasthole drill with zero fuel consumption that can drill to 18 meters depth and 270 mm diameter.[10](https://app.finbar.com/go?id=P-9dd9d01c421d47479a509983bd247c54)[11](https://app.finbar.com/go?id=P-e1f9b7d2f52e4db9b7b31d9f8d3b50ee)[12](https://app.finbar.com/go?id=P-69de83cde62d449e8075d2dd2e3f2637)[13](https://app.finbar.com/go?id=P-35335ad6ae204611a8819473f0b9f19e) Underground products include face-drilling, production-drilling and rock-reinforcement rigs, loaders, mining trucks and ventilation systems.[14](https://app.finbar.com/go?id=P-a5a5e68d9ccc42109ec8ad7578a8bfc5) Named underground models include the Boomer face-drilling rig for tunneling and mining, available with diesel or battery driveline, and the Boltec M10 S and E10 S rock-bolting rigs; the latter support different bolt types and have battery-electric SG variants, with Epiroc highlighting productivity, bolt-installation quality, reduced noise and better visibility.[15](https://app.finbar.com/go?id=P-3f3370dd15434fb1a11f026d9708e6e4)[16](https://app.finbar.com/go?id=P-eb88a6a9f88f4d9e82da0689c8008987) Battery-electric and electric-drive equipment cited by the company includes the Scooptram ST14 SG loader with four sub-packs equaling 300 usable kWh, the Minetruck MT42 SG Trolley, and the Minetruck MT66 S eDrive, which is described as stronger, faster and more efficient than its predecessors.[17](https://app.finbar.com/go?id=P-c3ae9296c08843f1919a28e94c22abff)[18](https://app.finbar.com/go?id=P-d5383c10fc454f14be87c9a54d029cf4)[19](https://app.finbar.com/go?id=P-1ec0158a14664aef9e4fd9f1d0c87574)

Beyond equipment, Epiroc sells consumable tools and specialized attachments. Its tools portfolio includes rock drilling tools, rock-reinforcement tools and exploration drilling tools, plus drill bits and drill rods for underground and surface applications, including use on third-party equipment.[20](https://app.finbar.com/go?id=P-a657701cbb6c47e2b35e7685703379ef)[21](https://app.finbar.com/go?id=P-65205caf693844c390dc754934613acc) In exploration, it offers drill rigs, tools and digital solutions to analyze ore, alongside orebody-knowledge solutions intended to improve understanding of ore bodies and rock conditions.[22](https://app.finbar.com/go?id=P-e4c49a0a8a9945a69b1c61ca7f7ceab0)[23](https://app.finbar.com/go?id=P-b95ed112cd9649999f458c6883a24711) Its attachment portfolio includes hydraulic attachments for rock excavation, deconstruction and recycling, and the broader range spans hydraulic breakers, shears and pulverizers, concrete cutters and busters, quick couplers and thumbs, drum cutters, grapples and ground-engaging tools; through Stanley Infrastructure it also sells handheld hydraulic and battery-powered tools for infrastructure, scrap recycling and railroad applications.[24](https://app.finbar.com/go?id=P-621465daec2c4e5a969318c5898aba30)[25](https://app.finbar.com/go?id=P-936ac7466ed6452dbf632617928632ed)[26](https://app.finbar.com/go?id=P-cc7b3f812dcb4fdb8ec02712fbc8d637)[27](https://app.finbar.com/go?id=P-b044743f17b94ab080e59bd297d76477)[28](https://app.finbar.com/go?id=P-e632b4c20be543869f08c4cf7d35d402)[29](https://app.finbar.com/go?id=P-19715093d62e454e9be4c2ac4eff62fc)[30](https://app.finbar.com/go?id=P-02ffe05e0e334bc1bbf419e61311b94b)[31](https://app.finbar.com/go?id=P-2396ba3e47434cd49322e9c7cc1f3353)[32](https://app.finbar.com/go?id=P-aaca733c3eb84a4c883a4e90e42727b4)[33](https://app.finbar.com/go?id=P-7707a2917cbc4b7fbfc28ecce7551c9d)

Services are a material part of the offering. Epiroc provides spare parts, maintenance, circular and mid-life services, diesel-to-battery conversions, component remanufacturing, training, and support that can range from parts supply to 24/7 on-site maintenance; it also offers service agreements, cost-per-meter contracts, upgrades and conversion kits that add features such as connectivity and battery capability.[34](https://app.finbar.com/go?id=P-d05ff3812d364870b18277e28f4dd13a)[35](https://app.finbar.com/go?id=P-60b1b032fa8548719d1d1f6e49d9ef92) The company also offers Batteries as a Service, under which it owns and manages batteries, monitors performance, replaces batteries when needed, and covers certification, maintenance and technology upgrades.[36](https://app.finbar.com/go?id=P-c3a001515dd744949c17b2780b3767cd) More than 32% of Epiroc’s equipment is under some kind of service contract, and in 2024 service and digitalization revenues represented 43% of group revenues; including Tools & Attachments, the aftermarket accounted for 66% of revenues.[35](https://app.finbar.com/go?id=P-60b1b032fa8548719d1d1f6e49d9ef92)[37](https://app.finbar.com/go?id=P-b4ad4cc94e3e49e2a82918651df8caeb)
[10](https://app.finbar.com/go?id=P-9dd9d01c421d47479a509983bd247c54)[11](https://app.finbar.com/go?id=P-e1f9b7d2f52e4db9b7b31d9f8d3b50ee)[12](https://app.finbar.com/go?id=P-69de83cde62d449e8075d2dd2e3f2637)[13](https://app.finbar.com/go?id=P-35335ad6ae204611a8819473f0b9f19e)[14](https://app.finbar.com/go?id=P-a5a5e68d9ccc42109ec8ad7578a8bfc5)[15](https://app.finbar.com/go?id=P-3f3370dd15434fb1a11f026d9708e6e4)[16](https://app.finbar.com/go?id=P-eb88a6a9f88f4d9e82da0689c8008987)[17](https://app.finbar.com/go?id=P-c3ae9296c08843f1919a28e94c22abff)[18](https://app.finbar.com/go?id=P-d5383c10fc454f14be87c9a54d029cf4)[19](https://app.finbar.com/go?id=P-1ec0158a14664aef9e4fd9f1d0c87574)[20](https://app.finbar.com/go?id=P-a657701cbb6c47e2b35e7685703379ef)[21](https://app.finbar.com/go?id=P-65205caf693844c390dc754934613acc)[22](https://app.finbar.com/go?id=P-e4c49a0a8a9945a69b1c61ca7f7ceab0)[23](https://app.finbar.com/go?id=P-b95ed112cd9649999f458c6883a24711)[24](https://app.finbar.com/go?id=P-621465daec2c4e5a969318c5898aba30)[25](https://app.finbar.com/go?id=P-936ac7466ed6452dbf632617928632ed)[26](https://app.finbar.com/go?id=P-cc7b3f812dcb4fdb8ec02712fbc8d637)[27](https://app.finbar.com/go?id=P-b044743f17b94ab080e59bd297d76477)[28](https://app.finbar.com/go?id=P-e632b4c20be543869f08c4cf7d35d402)[29](https://app.finbar.com/go?id=P-19715093d62e454e9be4c2ac4eff62fc)[30](https://app.finbar.com/go?id=P-02ffe05e0e334bc1bbf419e61311b94b)[31](https://app.finbar.com/go?id=P-2396ba3e47434cd49322e9c7cc1f3353)[32](https://app.finbar.com/go?id=P-aaca733c3eb84a4c883a4e90e42727b4)[33](https://app.finbar.com/go?id=P-7707a2917cbc4b7fbfc28ecce7551c9d)[34](https://app.finbar.com/go?id=P-d05ff3812d364870b18277e28f4dd13a)[35](https://app.finbar.com/go?id=P-60b1b032fa8548719d1d1f6e49d9ef92)[36](https://app.finbar.com/go?id=P-c3a001515dd744949c17b2780b3767cd)[37](https://app.finbar.com/go?id=P-b4ad4cc94e3e49e2a82918651df8caeb)

## Geographic presence

Epiroc is headquartered in Nacka, Sweden, and sells to customers in around 150 countries. It has local teams in customer centers in more than 60 countries, and its largest distribution centers are located in Sweden, the USA, Belgium, South Africa, Singapore, China, Canada, and Chile [38](https://app.finbar.com/go?id=P-1f030a52b7f94d929d4a93478f8cf85e)[39](https://app.finbar.com/go?id=P-648d9d70b900457392124c296ad476d7)[4](https://app.finbar.com/go?id=P-a46066fa62864c6b8836554ab80997ba)[40](https://app.finbar.com/go?id=P-f38a13f09bea42a6b16ac6aa5f777564).

By 2024 revenue, Asia/Australia was Epiroc’s largest region at MSEK 18,498 (29% of group revenue), followed by North America at MSEK 17,795 (28%), Africa/Middle East at MSEK 10,832 (17%), Europe at MSEK 8,719 (14%), and South America at MSEK 7,760 (12%) [41](https://app.finbar.com/go?id=T-5189c278cc37450bb1e89f44f747cc65). Employee distribution was also broad: Asia/Australia had 5,737 employees (30%), Europe 4,863 (26%), North America 4,120 (22%), Africa/Middle East 2,768 (15%), and South America 1,386 (7%) [42](https://app.finbar.com/go?id=T-144e88a7077943b3b3c190124685931b). The largest disclosed country workforces were in Sweden (3,550), Australia (2,253), the USA (2,131), and South Africa (1,895) [43](https://app.finbar.com/go?id=T-be97a08515404a1abf19d7ef14130eb1)[44](https://app.finbar.com/go?id=P-dbd33bc96ff345e6a500eb7209d8ca3d).

Its production footprint also spans multiple regions. Epiroc’s divisions cite production facilities in Sweden, India, China, and South Africa for underground equipment; in Sweden, the USA, China, India, and Australia for surface drilling equipment; in Sweden, the USA, India, South Africa, Canada, and China for rock drilling and ground support tools; and in Sweden, Australia, Canada, China, Germany, France, South Korea, and the USA for attachments and handheld tools [14](https://app.finbar.com/go?id=P-a5a5e68d9ccc42109ec8ad7578a8bfc5)[10](https://app.finbar.com/go?id=P-9dd9d01c421d47479a509983bd247c54)[45](https://app.finbar.com/go?id=P-433445eb8e5449199d7c6fa5cb15f0eb)[46](https://app.finbar.com/go?id=P-4116bb29e51b4374a291e153a3a66af4).
[38](https://app.finbar.com/go?id=P-1f030a52b7f94d929d4a93478f8cf85e)[39](https://app.finbar.com/go?id=P-648d9d70b900457392124c296ad476d7)[4](https://app.finbar.com/go?id=P-a46066fa62864c6b8836554ab80997ba)[40](https://app.finbar.com/go?id=P-f38a13f09bea42a6b16ac6aa5f777564)[41](https://app.finbar.com/go?id=T-5189c278cc37450bb1e89f44f747cc65)[42](https://app.finbar.com/go?id=T-144e88a7077943b3b3c190124685931b)[43](https://app.finbar.com/go?id=T-be97a08515404a1abf19d7ef14130eb1)[44](https://app.finbar.com/go?id=P-dbd33bc96ff345e6a500eb7209d8ca3d)[14](https://app.finbar.com/go?id=P-a5a5e68d9ccc42109ec8ad7578a8bfc5)[10](https://app.finbar.com/go?id=P-9dd9d01c421d47479a509983bd247c54)[45](https://app.finbar.com/go?id=P-433445eb8e5449199d7c6fa5cb15f0eb)[46](https://app.finbar.com/go?id=P-4116bb29e51b4374a291e153a3a66af4)

## Business segments

Epiroc officially reports two business segments, formed by aggregating eight operating divisions: Equipment & Service and Tools & Attachments [47](https://app.finbar.com/go?id=P-df3b8c54f6944aa88e0d13cab14fb6db)[48](https://app.finbar.com/go?id=P-b3c466dbcbb24dbdbd84dea7464caed6). Equipment & Service is focused on rock drilling and rock excavation equipment, rock reinforcement, loading and haulage, ventilation systems, exploration tools and solutions, and related spare parts and service, along with automation, digitalization and electrification offerings [49](https://app.finbar.com/go?id=P-c3710e0c886d4535b8b9076c5ba43b77). Tools & Attachments is focused on rock drilling tools, ground engaging tools, specialty attachments used in drilling, deconstruction, recycling and rock excavation, plus related service, spare parts and digital solutions [50](https://app.finbar.com/go?id=P-7bb5c9db9e2e49db944783613a044281).

In the reported segment mix, Equipment & Service represents about 77% of revenues, while Tools & Attachments represents about 23% [6](https://app.finbar.com/go?id=P-383e74d924734ca490e94ebcf81cb44a)[51](https://app.finbar.com/go?id=P-5f2a8fe3dab840c2bf89ea00266533c3). Epiroc also presents a revenue-stream view in which Equipment accounts for 34% of revenues, Service for 43%, and Tools & Attachments for 23%, indicating that service and consumables make up a large share of the group’s business mix [52](https://app.finbar.com/go?id=P-a908d2f10bba4b338a547ccf128f64d5)[7](https://app.finbar.com/go?id=P-5350ea96fcd54504b5ae84d2e423e084)[53](https://app.finbar.com/go?id=P-360407875c6347b7bb44a8afe79e394e). Consistent with that, the company states that aftermarket revenues—defined as Service plus Tools & Attachments—accounted for 66% of revenues [37](https://app.finbar.com/go?id=P-b4ad4cc94e3e49e2a82918651df8caeb).
[47](https://app.finbar.com/go?id=P-df3b8c54f6944aa88e0d13cab14fb6db)[48](https://app.finbar.com/go?id=P-b3c466dbcbb24dbdbd84dea7464caed6)[49](https://app.finbar.com/go?id=P-c3710e0c886d4535b8b9076c5ba43b77)[50](https://app.finbar.com/go?id=P-7bb5c9db9e2e49db944783613a044281)[6](https://app.finbar.com/go?id=P-383e74d924734ca490e94ebcf81cb44a)[51](https://app.finbar.com/go?id=P-5f2a8fe3dab840c2bf89ea00266533c3)[52](https://app.finbar.com/go?id=P-a908d2f10bba4b338a547ccf128f64d5)[7](https://app.finbar.com/go?id=P-5350ea96fcd54504b5ae84d2e423e084)[53](https://app.finbar.com/go?id=P-360407875c6347b7bb44a8afe79e394e)[37](https://app.finbar.com/go?id=P-b4ad4cc94e3e49e2a82918651df8caeb)

## Company history

Epiroc traces its roots to 1873 through Atlas Copco, from which it later emerged as a separate company. In its industrial heritage, a notable early milestone was the manufacture of its first rock drill in Stockholm in 1905, and the business later broadened its offering through expansions into rock drilling tools in 1988, hydraulic attachments in 2002, surface drilling equipment in 2004, and automation, digitalization and electrification from 2017 onward. [3](https://app.finbar.com/go?id=P-f5663d95349a47c5b3f21b76de03c2b0)[54](https://app.finbar.com/go?id=P-94bccf135be244da824c059cd57b279d)

A major corporate turning point came on June 18, 2018, when Epiroc was separated from Atlas Copco, distributed to Atlas Copco shareholders and listed on Nasdaq Stockholm as an independent company. In 2020, Helena Hedblom became President and CEO, succeeding Per Lindberg, who had led the establishment of Epiroc as a listed company. [55](https://app.finbar.com/go?id=P-3c4025dd6f5247cda6eb8b1465f418ef)[56](https://app.finbar.com/go?id=P-f9a25da6424547cda02155bc57690c1a)
[3](https://app.finbar.com/go?id=P-f5663d95349a47c5b3f21b76de03c2b0)[54](https://app.finbar.com/go?id=P-94bccf135be244da824c059cd57b279d)[55](https://app.finbar.com/go?id=P-3c4025dd6f5247cda6eb8b1465f418ef)[56](https://app.finbar.com/go?id=P-f9a25da6424547cda02155bc57690c1a)

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30. [EPIROC A — Full financial report (2024 Y), p5](https://app.finbar.com/go?id=P-02ffe05e0e334bc1bbf419e61311b94b)
31. [EPIROC A — Full financial report (2024 Y), p5](https://app.finbar.com/go?id=P-2396ba3e47434cd49322e9c7cc1f3353)
32. [EPIROC A — Full financial report (2024 Y), p5](https://app.finbar.com/go?id=P-aaca733c3eb84a4c883a4e90e42727b4)
33. [EPIROC A — Full financial report (2024 Y), p44](https://app.finbar.com/go?id=P-7707a2917cbc4b7fbfc28ecce7551c9d)
34. [EPIROC A — Full financial report (2024 Y), p5](https://app.finbar.com/go?id=P-d05ff3812d364870b18277e28f4dd13a)
35. [EPIROC A — Full financial report (2024 Y), p34](https://app.finbar.com/go?id=P-60b1b032fa8548719d1d1f6e49d9ef92)
36. [EPIROC A — Full financial report (2024 Y), p29](https://app.finbar.com/go?id=P-c3a001515dd744949c17b2780b3767cd)
37. [EPIROC A — Full financial report (2024 Y), p32](https://app.finbar.com/go?id=P-b4ad4cc94e3e49e2a82918651df8caeb)
38. [EPIROC A — Full financial report (2024 Y), p53](https://app.finbar.com/go?id=P-1f030a52b7f94d929d4a93478f8cf85e)
39. [EPIROC A — Full financial report (2024 Y), p37](https://app.finbar.com/go?id=P-648d9d70b900457392124c296ad476d7)
40. [EPIROC A — Full financial report (2024 Y), p42](https://app.finbar.com/go?id=P-f38a13f09bea42a6b16ac6aa5f777564)
41. [EPIROC A — Full financial report (2024 Y), p160](https://app.finbar.com/go?id=T-5189c278cc37450bb1e89f44f747cc65)
42. [EPIROC A — Full financial report (2024 Y), p121](https://app.finbar.com/go?id=T-144e88a7077943b3b3c190124685931b)
43. [EPIROC A — Full financial report (2024 Y), p121](https://app.finbar.com/go?id=T-be97a08515404a1abf19d7ef14130eb1)
44. [EPIROC A — Full financial report (2024 Y), p121](https://app.finbar.com/go?id=P-dbd33bc96ff345e6a500eb7209d8ca3d)
45. [EPIROC A — Full financial report (2024 Y), p42](https://app.finbar.com/go?id=P-433445eb8e5449199d7c6fa5cb15f0eb)
46. [EPIROC A — Full financial report (2024 Y), p42](https://app.finbar.com/go?id=P-4116bb29e51b4374a291e153a3a66af4)
47. [EPIROC A — Full financial report (2024 Y), p157](https://app.finbar.com/go?id=P-df3b8c54f6944aa88e0d13cab14fb6db)
48. [EPIROC A — Full financial report (2024 Y), p157](https://app.finbar.com/go?id=P-b3c466dbcbb24dbdbd84dea7464caed6)
49. [EPIROC A — Full financial report (2024 Y), p50](https://app.finbar.com/go?id=P-c3710e0c886d4535b8b9076c5ba43b77)
50. [EPIROC A — Full financial report (2024 Y), p52](https://app.finbar.com/go?id=P-7bb5c9db9e2e49db944783613a044281)
51. [EPIROC A — Full financial report (2024 Y), p42](https://app.finbar.com/go?id=P-5f2a8fe3dab840c2bf89ea00266533c3)
52. [EPIROC A — Full financial report (2024 Y), p42](https://app.finbar.com/go?id=P-a908d2f10bba4b338a547ccf128f64d5)
53. [EPIROC A — Full financial report (2024 Y), p42](https://app.finbar.com/go?id=P-360407875c6347b7bb44a8afe79e394e)
54. [EPIROC A — Full financial report (2024 Y), p8](https://app.finbar.com/go?id=P-94bccf135be244da824c059cd57b279d)
55. [EPIROC A — Full financial report (2019 Y), p3](https://app.finbar.com/go?id=P-3c4025dd6f5247cda6eb8b1465f418ef)
56. [EPIROC A — Full financial report (2019 Y), p6](https://app.finbar.com/go?id=P-f9a25da6424547cda02155bc57690c1a)

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