Atlas Copco

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Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment. In 1984, a dinosaur was found close to Melbourne, Australia and was named Atlascopcosaurus. The company had provided the equipment for the dig.

Mile stones(Company background)

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, his son and the bank 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 an acronym of the Belgium equivalent of Compagnie Pneumatique Commerciale. Atlas Copco then acquired Arpic Engineering NV.

External links

[Atlas Copco website]

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