Company Information
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Atlas Copco
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Public
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1873
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Stockholm , Sweden
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Sune Carlsson ( Chairman Of The Board ), Gunnar Brock (President and CEO )
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Manufacturing
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Compressors and generators, construction and mining equipment, industrial tools and assembly systems
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52,742 Million SEK ( 2005 )
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26,200
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http://wwwatlascopcocom/
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is a Swedish industrial company that was founded in 1873 . It manufactures industrial tooling and equipment.
The Atlas Copco Group, founded already in 1873, is a global industrial group of companies headquartered in Stockholm, Sweden. Revenues for 2005 totaled BSEK 55. The Group employs more than 27 000 people. The Atlas Copco Group manufactures products on 56 production sites in 19 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 four business areas; Compressor Technique, Construction and Mining Technique, Industrial Technique, and Rental Service.
- 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.
- 1901 – the first Pneumatic tool was officially added to the production line – a pneumatic Riveting hammer which was originally designed for their own workshops.
- and machines driven by compressors) where competition was less.
- 1917 – AB Atlas consolidated the company under the name and ceased production of Steam Engine s.
- 1920 – AB Atlas Diesel compressor business was hurt after distribution collapsed due to World War I and demand dropped due to severe Depression . This forced the company to emphasize the diesel engine business.
- 1924 – AB Atlas Diesel relocated to Sickla, Nacka and sold some assets to improve liquidity.
- 1948 – AB Atlas Diesel sold out its diesel business after it turned out not to be as profitable as Air compressors, despite the company putting lots of effort in it. , a Swedish brand of marine diesel engine started in 1903, merged into Atlas Copco.
- 1956 – AB Atlas Diesel changed its name to , its current name. The word copco is an acronym of the Belgian equivalent of '''Co'''mpagnie '''P'''neumatique '''Co'''mmerciale. Atlas Copco then acquired Arpic Engineering NV .
- 1968 – The AB Atlas Copco group was divided into three production companies – , '''Atlas Copco Airpower''' and '''Atlas Copco Tools'''.
- 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. {Link without Title}
- 2007 – Atlas Copco Flags Off the first Blast Hole Drill manufactured from its high tech ADS facility at Nashik factory-June 28th.
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 is a part time sponsor for Johnny Sauter in the NASCAR Nextel Cup Series
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