Atlas Copco

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Atlas Copco AB
Type Publicly traded Aktiebolag
Traded as OMXATCO A, ATCO B
Industry Industrial equipment
Founded 1873
Headquarters Stockholm, Sweden
Key people Sune Carlsson (Chairman), Ronnie Leten (President and CEO)
Products Compressors and generators, construction and mining equipment, industrial tools and assembly systems
Revenue SEK 84 billion (2013)[1]
Employees 40,159 (average 2013)[1]
Parent Investor AB (16.7%)
Subsidiaries Chicago Pneumatic [2][3][4]
KTS Co., Ltd.[5][6]
Website www.atlascopco.com
Atlas Copcos main office in Nacka, 2014.

Atlas Copco is a Swedish industrial company that was founded in 1873.[7] It manufactures industrial tools and equipment.

The Atlas Copco Group is a global industrial group of companies headquartered in Stockholm, Sweden. Revenues for 2013 totaled 84 billion SEK. The Group employs more than 40,000 people. The company manufactures products at about 100 production sites in more than 20 countries. As of 2013, the United States is the company's largest single market, followed by China.[8] The firm's shares are listed on the OMX Stockholm exchange and both 'A' and 'B' classes form part of the benchmark OMXS30 index.

Atlas Copco companies develop and manufacture industrial tools, air compressors (of which it is the world's leading producer),[9] construction and mining equipment such as rock drills,[10] assembly systems, and offer related service and equipment rental. The products are sold and rented under different brands through a worldwide sales and service network reaching more than 180 countries, half of which are served by wholly or partly owned sales companies. The Group operates through a number of divisions within four business areas; Compressor Technique, Mining and Rock Excavation Technique, Construction Technique and Industrial Technique.

Company history[edit]

  • February 21, 1873 – Company started as AB Atlas by Edvard Fränckel who was financed by A. O. Wallenberg and others.
  • 1873 – AB Atlas acquired Ekenbergs Soner, a railway car maker.
  • 1890 – AB Atlas underwent liquidation after suffering heavily financially due to competition from smaller and more efficient companies. A.O. Wallenberg, his son and the bank Enskilda Banken helped in restructuring it.
  • 1898 – AB Atlas acquired the rights for Sweden to manufacture Rudolf Diesel's engine under a subsidiary company AB Diesels Motorer
  • 1901 – the first pneumatic tool was officially added to the production line – a pneumatic riveting hammer which was originally designed for their own workshops.
  • 1905 – the first portable compressor was manufactured
  • 1911 – AB Atlas completed a move away from railway car manufacturing to more advanced products: (compressors and machines driven by compressors) where there was less competition.
  • 1917 – AB Atlas consolidated the company under the name AB Atlas Diesel and ceased production of steam engines.
  • 1920 – AB Atlas Diesel compressor business was hurt after distribution collapsed due to World War I and demand dropped because of severe depression. This forced the company to emphasize the diesel engine business.
  • 1924 – AB Atlas Diesel relocated to Sickla, Nacka and sold some of its assets to improve liquidity.
  • 1948 – AB Atlas Diesel sold its diesel business after it turned out to not be as profitable as air compressors, despite the company putting lots of effort in it. Polar Atlas, a Swedish brand of marine diesel engines started in 1903, merged into Atlas Copco.
  • 1956 – AB Atlas Diesel changed its name to Atlas Copco, its current name. The word copco is an acronym of the Belgian equivalent of Compagnie Pneumatique Commerciale. Atlas Copco then acquired Arpic Engineering NV.
  • 1968 – The AB Atlas Copco group was divided into three production companies – Atlas Copco Mining & Construction Techniques (CMT), Atlas Copco Airpower and Atlas Copco Tools.
  • 1972 – Atlas Copco CMT introduce their first all hydraulic tophammer rockdrill, COP1038.
  • 1975 – AB Atlas Copco bought a majority of Berema – known for lightweight petrol driven rock drills and breakers – a complement to their Cobra drill.
  • 1976 – Small compressors for these drills were added, through the acquisition of Mauguière a French company.
  • 1992 – The company acquires AEG Power Tools Ltd.
  • 2004 – The company acquires Ingersoll Rand Drilling division.[11]
  • 2005 – Atlas Copco launches a revolutionary concept for mobile compressor. With an ultra resistant canopy, the HardHat give a new face to mobile compressors in the street. [2]
  • 2007 – Atlas Copco flags off the first Blast Hole Drill (IDM30) manufactured from its high tech ADS facility at Nashik factory. June 28.
  • 2009 – Atlas Copco grand opening May 8 of new ADS Blast Hole Drill facility & Customer Center in Nanjing China. New drill CDM75E was introduced.
  • 2009 – DrillAirXpert is launched - the first variable flow & pressure regulating system for portable compressors
  • 2009 – Atlas Copco is the first company to get a compressor certified for 100 percent energy recovery by the TÜV institute (German Technical Monitoring Association).[12]
  • 2010 – Atlas Copco acquired Quincy Compressor. It designs and manufactures reciprocating compressors, rotary screw compressors and vacuum pumps, primarily under the Quincy brand. Atlas Copco plans to further develop the Quincy brand independently, in line with the Atlas Copco Group’s well established brand portfolio strategy.
  • 2011 – Atlas Copco acquired SCA Schucker. It offers adhesive application systems and dosing technology, manufacturing adhesive and sealant equipment. It will operate as a separate business line within the Industrial Technique's Motor Vehicle Industry division. Atlas Copco enters the fast-growing market for adhesive assembly products and plans to expand in a number of its General Industry divisions, e.g. aerospace, white goods, solar equipment and wind power.[13]
  • 2013 – Atlas Copco announces proposed acquisition of Edwards Group Ltd, who are world leaders in high-vacuum products.
  • 2013 – Atlas Copco announced acquisition of Synatec Group (Leinfelden-Echterdingen, Germany), a leading company in quality assurance of production processes [14]
  • 2014 – Atlas Copco completes the acquisition of Edwards Group.

Products[edit]

Atlas Copco designs, manufacturers and markets a large range of products for different industry segments.

Compressors and generators Construction and mining Industrial tools
Piston compressors Demolition equipment Air assembly tools
Rotary screw compressors Rock drills Electrical assembly tools
Air treatment and gas purification equiqment Blast hole drilling rigs Quality integrated fastening
Generators Rotary blasthole drill rigs Fixtured applications
Process gas compressors & Turboexpanders Exploration drilling equipment Quality assurance in tightening
Rental equipment & services Rock drilling tools Drills
Oil-free tooth and scroll compressors Underground vehicles Grinders
Oil-free blowers Ground engineering Percussive tools
Oil-free centrifugal compressors Raiseboring Equipment Hoist and trolleys
Rock reinforcement & bolting Air motors
Water well, gas, coal bed methane Airline accessories
Road construction equipment
Crusher

CEO[edit]

  • 1873-1887: Eduard Fränckel
  • 1887-1909: Oscar Lamm
  • 1909-1940: Gunnar Jacobsson
  • 1940-1957: Walter Wehtje
  • 1957-1970: Kurt-Allan Belfrage
  • 1970-1975: Erik Johnsson
  • 1975-1991: Tom Wachtmeister
  • 1991-1997: Michael Treschow
  • 1997-2002: Giulio Mazzalupi
  • 2002-2009: Gunnar Brock
  • 2009-: Ronnie Leten

Competitors[edit]

In Mining and Construction:

Air Compressors:

In Industrial Technique:

Trivia[edit]

In 1984, the fossilized bone fragments of a dinosaur were found close to Melbourne, Australia and the species was named Atlascopcosaurus loadsi. The company had provided the equipment for the dig.

References[edit]

  1. ^ a b "Annual Results 2010". Atlas Copco. Retrieved 5 February 2011. 
  2. ^ "Atlas Copco Focus on Chicago Pneumatic Brand - A & M Today". Aggregatesandminingtoday.com. 2009-03-01. Retrieved 2013-01-27. 
  3. ^ "Chicago Pneumatic Appoints Todd Francis New Vice President, North America". Prweb.com. Retrieved 2013-01-27. 
  4. ^ "Help build things that last - Chicago Pneumatic United States". Cp.com. 2008-10-03. Retrieved 2013-01-27. 
  5. ^ "Chicago Pneumatic Acquires KTS | Automotive Service World". Autoserviceworld.com. Retrieved 2013-01-27. 
  6. ^ "Chicago Pneumatic Buys Japanese Tool Manufacturer". Tyrepress.com. Retrieved 2013-01-27. 
  7. ^ Burton, John (2006). "Atlas Copco AB". International Directory of Company Histories. The Gale Group. Retrieved 29 September 2010. 
  8. ^ Mukherjee, Sharmistha (11 September 2010). "Q&A: Ronnie Leten, President & CEO, Atlas Copco". Business Standard. Retrieved 29 September 2010. 
  9. ^ Kinnander, Ole (22 September 2010). "Atlas Copco Says Mining Demand Quickened in Third Quarter on Metal Prices". Bloomberg. Archived from the original on 28 September 2010. Retrieved 29 September 2010. 
  10. ^ Erkheikki, Juho (2 June 2009). "Atlas Customers Stop Cancellations as Metal Prices Lift Mining". Bloomberg. Retrieved 29 September 2010. 
  11. ^ "Timeline - General - Atlas Copco History". Atlascopco.com. 2008-10-03. Retrieved 2013-02-05. 
  12. ^ "Atlas Copco - press release". Cision Wire. Retrieved 2009-06-30. 
  13. ^ Atlas Copco - press release Atlas Copco. Retrieved 30 May 2012.
  14. ^ [1] Retrieved 28 December 2013.

External links[edit]