![]() | This article has multiple issues. Please help improve it or discuss these issues on the talk page . (Learn how and when to remove these template messages)
|
![]() | |
![]() Atlas Copco main office in Nacka (2015) | |
Company type | Aktiebolag |
---|---|
Nasdaq Stockholm: ATCO A, ATCO B | |
ISIN | |
Industry | Industrial equipment |
Founded | 1873 |
Founder | Edvard Fränckel |
Headquarters | Nacka (Stockholm County), Sweden |
Key people | Hans Stråberg (Chairman), Mats Rahmström (President and CEO) |
Products | Compressors, vacuum technique, generators, construction, industrial tools and assembly systems |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | ≈53,000 (2023) |
Subsidiaries | Atlas Copco, Chicago Pneumatic, Desoutter, Edwards, Henrob, BeaconMedaes, Quincy Compressor, SCA, Nano-Purification Solutions Leybold |
Website | www |
Footnotes /references [4] [5] [6] |
Atlas Copco (Copco from Compagnie Pneumatique Commerciale), also known as Atlas Kopkou, is a Swedish multinational 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 Nacka, Sweden. In 2019, global revenues totaled kr 104 billion, and by the end of that year, the company employed about 38,774 people. The firm's shares are listed on the Nasdaq Stockholm exchange and both 'A' and 'B' classes form part of the benchmark OMXS30 index.
Atlas Copco companies develop, manufacture, service, and rent industrial tools, air compressors (of which it is the world's leading producer), [8] construction and assembly systems. The Group operates in four areas: Compressor Technology, Vacuum Technology, Power Technology and Industrial Technology. [9]
AB Atlas, as it was previously named, was founded by Edvard Fränckel, who was a Swedish industrialist, politician and senior official at the Swedish State Railways. The company was established along with Andre O. Wallenberg, Johan W. Arnberg, Carl G. Cervin and Fredrik Didro.
In its inauguration phase, Atlas dealt with the manufacturing, purchasing and selling of material for railway construction and operations. After the recession in the 1880s, Atlas diversified its products and branched off into locomotives, central heating and tool machinery. In 1899, Atlas began developing their first air compressors and established itself as a compressor manufacturer. As older production branches started phasing out, Atlas teamed up with Diesel Motors in 1917, and the new company, Atlas Diesel, emerged with two primary divisions: diesel engines and compressor air products. [10]
The Atlas Diesel merger experienced significant growth during the First World War and towards the end of the war, the export was 40–50 % of production. The depression years caused significant losses for the company, which led to several financial reconstructions in the 1920s and 1930s.
During the Second World War, manufacturing capabilities were developed. The "Swedish method" influenced the firm's pneumatic program, consisting of lightweight rock drills and drill bits with carbide tips. In 1948, the company terminated its diesel manufacturing and the name "Atlas Diesel" was no longer pertinent. The name Atlas Copco became official in 1955 and was inspired by the Belgian subsidiary Compagnie Pneumatique Commerciale (Trading Pneumatic Company).
The acquisition of the Belgian compressor company Arpic Engineering in 1956, was the firm's first major international acquisition. Eventually, Arpic's plants carried out the majority of Atlas Copco's compressor production. In 1960, the company purchased Craelius. In the 1970s, a number of strategic acquisitions were made, including the French compressor manufacturer Mauguière. In order to strengthen their position in the United States, several strategic acquisitions were made in the airpower business, including the key purchase of Worthington Compressors. [11]
They purchased Chicago Pneumatic Tools in 1987. In 1992, AEG Elektrowerkzeuge was purchased, and in 1995, Milwaukee Electric Tool was acquired. In 2004, Milwaukee Electric Tool was sold to a Hong Kong-based manufacturer, Techtronic Industries. [12] In 1997, Atlas Copco purchased Prime Service Corporation, which was the largest machine leasing company in the United States. The North American Rental Service Corporation was purchased in 1999. [11]
Since 2017, Atlas Copco has had four main business areas: Compressor Technique, Vacuum Technique, Industrial Technique and Power Technique. [13]
Atlas Copco's Compressor Technique area creates products such as industrial compressors, oil and gas treatment equipment, air management systems, and gas and process compressor and expanders. The products are mainly used in the manufacturing, oil, gas and process industries. [14]
Atlas Copco's Vacuum Technique business area provides vacuum products, exhaust management systems, valves and related products mainly under the Edwards, Leybold and Atlas Copco brands. The main markets served are semiconductors, chemical processing industries, food packaging and paper handling. Principal product development and manufacturing units are located in the United Kingdom, Czech Republic, Germany, South Korea, the United States, China and Japan.
Atlas Copco's products in Industrial Technique are mainly developed for the automotive and aerospace industries, but are also used in industrial manufacturing, maintenance and vehicle service. Products manufactured include assembly systems, industrial power tools, quality assurance products and various types of software. [15]
This area produces portable compressors, lighting towers, pumps, generators, paving equipment, compaction equipment, demolition tools and construction tools for infrastructure projects. These include civil works, road construction, gas and oil, and drilling construction projects. [16]
Atlas Copco manufactures critical equipment components in-house and cooperates with business partners for non-critical components. Approximately 75% of the production cost of equipment represents purchased components and around 25% are internally manufactured core components, assembly costs and overhead. Equipment represents less than 64% of revenues and the manufacturing of equipment is primarily based on customer orders. Only some standard, high-volume equipment is manufactured based on projected demand. [17]
Atlas Copco has customer centres in about 71 countries and sales in about 180 countries. Sales and service are primarily direct but also channeled through alternative sales mechanisms, e.g. distributors. Sales of equipment are performed by engineers and service and maintenance are performed by technicians. Service is the responsibility of divisions in each business area. The responsibility includes the development of service products, sales and marketing, technical support, service delivery and follow-up. About 36% of revenues are generated from services (spare parts, maintenance, repairs, consumables, accessories and rental). [17]
The Atlas Copco Group has dozens of brands around the world, including Chicago Pneumatic for compressors and tools, Edwards for vacuums, BeaconMedeas for medical gas and SCA & Henrob for automotive assembly. [18]
Notable brands include:
Atlas Copco's operations are organized into four business areas and more than 20 divisions. The organization has both operating units and legal units. Each operating unit has a business board. The duty of a business board is to serve as an advisory and decision-making body on strategic operational issues. It also ensures the implementation of controls and assessments. Each legal company has a legal board focusing on compliance and the legal structure of the group. [19]
In 2018, Atlas Copco decided on a split and formed Epiroc AB which will focus on customers in the mining, infrastructure and natural resources segments. Epiroc is a fully independent company. [20]
Atlas Copco conducts research and development in a wide range of technologies at their global research centres, where each division has its own individual area of focus and resources. Training and workshops have been rolled out in customer centres and product companies globally. The company puts its focus on growth in automation to bring more production back to the US and Europe. In 2020, Atlas Copco acquired Isra Vision in February [21] and Perceptron in September [22] to automate more. [23] In March 2022, Atlas Copco acquired the assets of Ceres Technologies, [24] an US-based manufacturer and designer of gas and vapour delivery equipment for the semiconductor industry. [25]
Investor AB is a Swedish investment and holding company, often considered a de facto conglomerate. One of Sweden's largest companies, Investor AB serves as the investment arm of the prominent Swedish Wallenberg family; the family's companies are involved in a variety of industries, of which the primary industries are pharmaceuticals, telecommunications and industry.
Compressed air is air kept under a pressure that is greater than atmospheric pressure. Compressed air in vehicle tyres and shock absorbers is commonly used for improved traction and reduced vibration. Compressed air is an important medium for transfer of energy in industrial processes, and is used for power tools such as air hammers, drills, wrenches, and others, as well as to atomize paint, to operate air cylinders for automation, and can also be used to propel vehicles. Brakes applied by compressed air made large railway trains safer and more efficient to operate. Compressed air brakes are also found on large highway vehicles.
Dresser Industries was a multinational corporation headquartered in Dallas, Texas, United States, which provided a wide range of technology, products, and services used for developing energy and natural resources. In 1998, Dresser merged with its main rival Halliburton. Halliburton sold many of former Dresser non "oil patch" divisions, retaining the M W Kellogg Engineering and Construction Company and the Dresser oil-patch products and services that complemented Halliburton's energy and natural resource businesses. In 2001 Halliburton sold five separate, but somewhat related former Dresser non "oil patch" divisions, to an investment banking firm. Those five operations later took the name "Dresser Inc." In October 2010, Dresser Inc., was acquired by General Electric. It is headquartered in Addison, Texas.
Sandvik AB is a Swedish multinational engineering company specializing in products and services for mining, rock excavation, rock drilling, rock processing, metal cutting and machining. The company was founded in Gävleborg County, Sweden, in 1862. In 2023, it had approximately 41,000 employees and a revenue of 127 billion SEK, with sales in around 170 countries.
Baker Hughes Company is an American energy company based in Houston, Texas. As one of the world's largest oil field services companies, it provides products and services for oil well drilling, formation evaluation, completion, production, and reservoir consulting. It operates in over 120 countries, with research and manufacturing facilities in Australia, Singapore, Malaysia, India, Dubai, Saudi Arabia, Italy, Germany, Norway, Oklahoma, Louisiana and Missouri. From 2017 to 2020, the company was majority owned by General Electric (GE); however, GE no longer owns an economic stake in the company. The company is incorporated in Delaware.
A jackhammer is a pneumatic or electro-mechanical tool that combines a hammer directly with a chisel. It was invented by William McReavy, who then sold the patent to Charles Brady King. Hand-held jackhammers are generally powered by compressed air, but some are also powered by electric motors. Larger jackhammers, such as rig-mounted hammers used on construction machinery, are usually hydraulically powered. These tools are typically used to break up rock, pavement, and concrete.
A rotary-screw compressor is a type of gas compressor, such as an air compressor, that uses a rotary-type positive-displacement mechanism. These compressors are common in industrial applications and replace more traditional piston compressors where larger volumes of compressed gas are needed, e.g. for large refrigeration cycles such as chillers, or for compressed air systems to operate air-driven tools such as jackhammers and impact wrenches. For smaller rotor sizes the inherent leakage in the rotors becomes much more significant, leading to this type of mechanism being less suitable for smaller compressors than piston compressors.
Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under "DOV." Dover was ranked 445 in the 2023 Fortune 500. The company relocated its headquarters to Illinois from New York in mid-2010.
Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets.
Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control systems as well as project management and aftermarket services for the oil and gas and process industries. Cameron was acquired by Schlumberger (SLB) in 2016, and now operates as 'Cameron, an SLB Company.' At the start of the SLB acquisition in 2015, Cameron employed approximately 23,000 people and delivered $9.8 billion in revenue.
Trane Technologies plc is an American manufacturing company focused on heating, ventilation, and air conditioning (HVAC) and refrigeration systems. The company traces its corporate history back more than 150 years and was created after a series of mergers and spin-offs. In 2008, HVAC manufacturer Trane was acquired by Ingersoll Rand, a US industrial tools manufacturer. In 2020, the tools business was spun off as Ingersoll Rand and the remaining company was renamed Trane Technologies.
Edwards Ltd is a British multinational vacuum pump and exhaust gas management systems manufacturer. Its headquarters are in Burgess Hill, UK, and has been part of the Atlas Copco Group since 2014. Edwards holds 1,700 patents, including for dry (oil-free) vacuum pumps, and produces equipment used for manufacturing semiconductors, scientific research, freeze drying and other industries. Its pumps remove contaminants at CERN's Large Hadron Collider. Manufacturing is predominantly handled by subsidiary businesses in the Czech Republic, South Korea, USA and China. Edwards' global research and development facilities remain in the UK.
Chicago Pneumatic, also known as "CP", is an industrial manufacturer providing power tools, air compressors, generators, light towers and hydraulic equipment. Products are sold in more than 150 countries through a worldwide distribution network. CP is active on markets such as tools for industrial production, vehicle service, maintenance repair operation for mining, construction, infrastructure equipment.
Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials.
NEUMAN & ESSER GROUP was founded as a family establishment in Aachen, Germany in 1830. NEA is a manufacturer of reciprocating compressors and grinding systems for several industries, including oil and gas, chemical and petrochemical, food industry and renewable energy.
Sullair is a major American manufacturer of portable and stationary rotary screw air compressors designed for commercial and industrial use. Founded in 1965 in the town of Michigan City, Indiana U.S.A., Sullair has manufacturing facilities in Michigan City that distribute and service air compressor packages and systems worldwide. Sullair also has manufacturing facilities in Suzhou, Jiangsu and Shenzhen, Guangdong China that service the Asian and Australasian markets. Sullair also has offices in Dandenong South, Australia near Melbourne, and in Sunderland, United Kingdom that services markets in the EMEA and Russia.
Leybold GmbH, based in Cologne, is part of the Swedish industry group Atlas Copco. The company's core competencies are based on the development of components and systems for the generation of vacuum and gas management engineering.
GE Oil & Gas was the division of General Electric that owned its investments in the petroleum industry. In July 2017, this division was merged with Baker Hughes.
Kirloskar Pneumatic Company Limited (KPCL) is one of the core Kirloskar Group companies and was founded in 1958 by Shantanurao Laxmanrao Kirloskar. The company offers engineering products and is represented by offices across the globe. KPCL serves major sectors like Oil and Gas, Steel, Cement, Food and Beverage, Railways, Defense and Marine. Their product range includes air compressors, air conditioning and refrigeration systems, process gas systems, vapour absorption chillers and industrial gearboxes.
Epiroc AB is a Swedish manufacturer of mining and infrastructure equipment. It is headquartered in Stockholm, Sweden and has its manufacturing facilities in Sweden, the United States, Canada, Australia, China, India, Japan, and Germany.