Atlas Copco
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Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment.
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- 21-02-1873 - Company started as AB Atlas by Eduard Franckel who was financed by A. O. Wallenberg and others
- In year 1873 AB Atlas acquired Ekenbergs Soner, a railway car maker.
- In year 1890 AB Atlas went in liquidation after suffering heavily financially due to competition from smaller nible companies. A.O. Wallenberg and his son Enskilda Banken helped in restructuring it.
- In 1898 AB Atlas acquired Swedish right to manufacture Rudolf Diesel's engine under a subsidiary company AB Diesels Motorer
- In 1911 AB Atlas completed a move away from railway car manufacturing to more advanced products(Compressors and machines driven by compressors) where competition was less.
- in 1917 AB Atlas reorganized the company under one name AB Atlas Diesel and ceased production of steam engines
- in 1920 AB Atlas Diesel compressor business was hurt after distribution collapsed due to world war 1 and a demand dropped due to severe depression. This forced the company emphasis to be diesel engines.
- in 1924 AB Atlas Diesel relocated to Sickla, Nacka and disposed some of its asset to improve liquidity.
- in 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 weight on it.
- in 1956, AB Atlas Diesel changed its name to Atlas Copco, its current name. The word copco is a Belgium equivalent of COmpagnie Pneumatique COmmerciale. Atlas Copco then acquired Arpic Engineering NV.
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External links
- Atlas Copco (http://www.atlascopco.com/) - Official site