Atlas Copco

Atlas Copco

Type	Public (OMX: ATCO A, ATCO B)
Founded	1873
Headquarters	Stockholm, Sweden
Key people	Sune Carlsson (Chairman of the board), Ronnie Leten (President and CEO)
Industry	Manufacturing
Products	Compressors and generators, construction and mining equipment, industrial tools and assembly systems
Revenue	SEK 74,117 million (2008)[1]
Operating income	▲ SEK 13,806 million (2008)[1]
Profit	▲ SEK 10,190 million (2008)[1]
Employees	34,040 (2008)[1]
Website	www.atlascopco.com

Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment.

The Atlas Copco Group is a global industrial group of companies headquartered in Stockholm, Sweden. Revenues for 2007 totaled BSEK 63. The Group employs more than 33,000 people. The company manufactures products on 68 production sites in 20 countries.

Atlas Copco companies develop and manufacture industrial tools, compressed air equipment, construction and mining equipment, 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 150 countries, half of which are served by wholly or partly owned sales companies. The Group operates through a number of divisions within three business areas; Compressor Technique, Construction and Mining Technique, and Industrial Technique.

Company history

This section is in a list format that may be better presented using prose. You can help by converting this section to prose, if appropriate. Editing help is available. (March 2009)

• February 21, 1873 – Company started as AB Atlas by Eduard Franckel 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 nible 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 manuafactured* 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 (MCT), Atlas Copco Airpower and Atlas Copco Tools.
• 1972 – Atlas Copco MCT 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.
• 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. [1]
• 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 is the first company to get a compressor certified for 100 percent energy recovery by the TÜV institute (German Technical Monitoring Association).^[2]

Products

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

Competitors

In tooling:

• Sandvik, Swedish company with headquarters in Sandviken, Sweden.

Air Compressors:

• Ingersoll Rand
• Kaeser Kompressoren
• Sullair
• Compair
• Vortex Compressor

Trivia

In 1984, a dinosaur was found close to Melbourne, Australia and was named Atlascopcosaurus. The company had provided the equipment for the dig.

Atlas Copco Compressors began its sponsorship with Haas CNC Racing #70 in the NASCAR Sprint Cup Series in 2007 through a multi-year, strategic partnership including the Windshear Inc. wind tunnel in Concord, NC, due to open in the second quarter of 2008.

References

External links

Wikimedia Commons has media related to: Atlas Copco

• Atlas Copco group's corporate website. English, language selector worldwide.
• Atlas Copco in Russia
• Atlas Copco XRHS 485 Md Specifications, Engine Overhauling

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