Epiroc AB Acquisition of Stanley Black & Decker Inc M&A Call Transcript
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Hello, everyone. Good afternoon and good morning, depending on where you are in the world. And thank you for taking the time. My name is Helena Hedblom, I am the President and CEO of Epiroc and a happy employee in the group since many years. And by my side, I have my colleagues, Goran Popovski, President for Tools and Attachments business; and Hakan Folin, our CFO.
So today, we have exciting news to share. We have announced the strategic acquisition of STANLEY Infrastructure. So I will start with a brief summary of the deal. So what are we acquiring? STANLEY Infrastructure is a global manufacturer of excavator attachments and handheld hydraulic and battery-operated tools used in infrastructure, construction, scrap recycling, demolition and railroad applications.
So why are we then making this acquisition? We want to strengthen and diversify Epiroc's long-term presence in the Attachments business within Infrastructure and construction, especially in the United States. And STANLEY
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