Atlas Copco (STO:ATCOA) (STO:ATCOB), Stockholm, Sweden, reported sales for the second quarter of SEK 21.8 billion (US$2.5 billion), an organic decline of 2 percent compared to the same period in 2012. Operating profit decreased by 10 percent to SEK 4.5 billion (US$521.8 million).

Atlas Copco acquired a compressor distributor in the U.S. and completed acquisitions of shotcreting company MEYCO Equipment in Switzerland and torque wrench makers Saltus-Werk Max Forst in Germany and Rapid-Torc in the U.S during the quarter.

 “We see a continuous solid development of the service business, and stable demand for our industrial equipment,” said Ronnie Leten, president and CEO. “The demand for mining equipment continued to be soft.”