We Welcome the Atlas Copco Spin-Off
We welcome the Atlas Copco board's decision to focus the company by spinning off the mining and civil engineering divisions. Under the current structure, management’s plate is full with the ongoing integration of the vacuum business, on the one hand, and managing the negative effects from the cyclical headwinds in mining and construction, on the other. In our view, the vacuum business has greater longer-term promise and overlap with the company’s core, and moaty, compressor business than the min...
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