Atlas Copco AB Overview
Company Headquarters: Sweden
Founded: 1873
Workforce: ~45,000
Company Working: Atlas Copco AB is specialized in design and production of accessories and products and offers customers, compressors, vacuum solutions and air treatment systems, construction and mining equipment, and extensive range of dewatering applications, across multiple industries. Its product segment includes compressor technique, industrial technique, vacuum technique, and power technique. The compressor technique segments include compressors, gas and process compressors and expanders, air and gas treatment equipment, and air management systems. The industrial technique segment covers vacuum products, exhaust management systems, valves and related equipment. The vacuum technique segment covers industrial power tools and systems, assembly solutions, quality assurance products, software and services. The power technique product segment covers a wide range of pump products, which include hydraulic submersible pumps and electric submersible pumps.
The company has about 100 production or manufacturing sites. It manages it sales and services in more than 180 countries in five continents. Epiroc AB, Chicago Pneumatic, Oerlikon Leybold Vacuum, and Atlas Copco Chilena S.A.C. are some of the subsidiaries of the company.
Strategy
Atlas Copco AB aims at attaining long-term growth and maintaining a competitive position in the market by focusing on innovation, expanding its geographical reach, attaining operational excellence, and offering the best in class services to its customers. The company invests heavily in research & development activities and works closely with its customers to launch new products with advanced capabilities. The company also emphasizes on expanding its geographical reach to cater to untapped markets. Furthermore, strategic acquisitions and alliances help the company expand its product offerings and boost its market presence.
