It all started in the late 1800 in Sweden, a country with less than 5 million people at the time. The economy was developing and a modern railway system was under construction.
In 1873 Eduard Fränckel, chief engineer of Swedish Rail, managed to persuade some merchants and bankers to provide the investment needed to form a company named Atlas. The company’s mission was to produce equipment for the railways. Together with David Otto Franke and André Oscar Wallenberg, Fränkel became one of the founders and also the first CEO. The new company was set up in the city of Stockholm.
Unfortunately the Swedish Rail growth rate abruptly slowed in 1876. With the help of the Wallenberg family, Atlas reconstructed and was able to continue on the road to success.
The company’s orientation towards steam engines and the purchase of a compressor paved the way for a completely new business line, the one that would make Atlas world famous. When the need for better tools arose, the company started to develop its own.
The Wallenberg family has throughout the years played an important role for Atlas Copco, both as owners and Board members. Still today, the Honorary Chair and one of the members of the Board of Directors are from the Wallenberg family.
2. ATLAS FOUNDED IN 1873
Atlas offers equipment for building
and running railways
Own machinery is modernized
and a compressor purchased
First tool is developed
Eduard
Fränckel
André Oscar
Wallenberg
David Otto
Franke
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3. MEETING THE CUSTOMER’S NEEDS
Merges with
Diesels Motorer
and becomes
Atlas Diesel
Range
of pneumatic
tools and
compressors
grows
Establishes
sales operation
in Russia
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4. THE SWEDISH METHOD
The one-man
machine, a light
rock drill, is
introduced
The technology
supports
international
expansion
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5. From a technology-based to a
market-oriented production company
Customer needs become the
starting point for product
development and sales strategies
CUSTOMER ORIENTATION
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6. Arpic
Engineering is
acquired
Atlas Copco
new name in
1956
SPECIALIZED COMPANY GOES INTERNATIONAL
Diesel engine
production
terminated
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8. WIDENING TRADE HORIZONS
1968 – The Group was divided into three production companies
Compressors rapidly
developed
Mechanization introduced in
mining and construction
Focus on ergonomic
features for tools
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10. Acquisitions in many countries
World leader in rock drilling
and compressors
Expansion of the tool business;
CP acquired in 1987
GROWTH THROUGH ACQUISITIONS
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11. COMMUNITY ENGAGEMENT
Water for All
founded in
1984
Providing
people in need
with clean
drinking water
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12. FIRST IN MIND—FIRST IN CHOICE ®
Sales companies become
customer centers
Development according to
modular concept
Vision and values established
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13. SUSTAINABLE PROFITABLE DEVELOPMENT
Higher requirement on
resource efficiency
Business Code of Practice
Increased focus on diversity
and competence development
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14. ELEVEN CEOS IN 140 YEARS
Eduard
Fränckel
1873
Oscar Lamm
1887
Tom Wachtmeister
1975
Gunnar
Jacobsson
1909
Michael
Treschow
1991
Walter Wehtje
1940
Giulio
Mazzalupi
1997
Kurt-Allan
Belfrage
1957
Gunnar Brock
2002
Erik Johnsson
1970
Ronnie Leten
2009
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16. MILESTONES
First pneumatic
tool produced
1893
First rock drill
produced
1905
Customers in
182 countries
2014
CP becomes
a Group brand
2008
Three business
areas formed
1968
Swedish method leads
to rapid international
expansion
1946
1873
AB Atlas, manufacturer
of locomotives, is founded
1904
First air
compressor
produced
1917
Focus on
diesel
engines
2011
Four business areas
with dedicated
service divisions
2002
Business Code
of Practice
1956
Atlas Copco name focuses
on compressed air
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