Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees.
Structure and governance
Atlas Copco’s organization is based on the principle of decentralized responsibilities and authorities.
Board & Management
The Board of Directors oversee the organization and management of the Group. The President and CEO is responsible for the ongoing management of the Group following the Board’s guidelines and instructions. He is responsible for ensuring that the organization works towards achieving the goals for sustainable, profitable development.
Atlas Copco’s operations are organized in four business areas, whose names reflect the products they offer. The Business Area Presidents are responsible for developing their respective operations by implementing and following up on strategies and objectives to achieve sustainable, profitable development.
We have 22 product driven and customer focused divisions in the Group; each separately responsible for delivering results in line with the strategies and objectives set by the business area. Each division has global responsibility for a specific product offering which are produced, distributed and sold by its operating units. Our organization ensures that each business area has a dedicated service division reaching our customers all over the world.
Each operating unit has a business board which reflects the operational structure of the Group. The duty of a business board is to serve in an advisory and decision-making capacity concerning strategic and operative issues. It also ensures the implementation of controls and assessments. In addition, each legal company has a legal board reflecting the legal structure of the Group.
- Product companies: Responsible for product development, manufacturing and product marketing. A division can have one or more product companies.
- Distribution centers: Responsible for coordinating the logistics and transport of products between the production sites and customer centers.
- Customer centers: Responsible for customer contacts, sales and service, and can be dedicated to a single division or shared between several.
Common service providers – internal or external – have been established with the mission to provide services faster, to a higher quality, and at a lower cost, thus allowing the divisions to focus on their core businesses.
Besides the President and Chief Executive Officer, the Group Management consists of the business area executives and persons responsible for the main Group functions.
The Compressor Technique business area provides industrial compressors, gas and process compressors and expanders, air and gas treatment equipment and air management systems. It has a global service network and offers specialty rental services.
The Industrial Technique business area provides industrial power tools, assembly systems, quality assurance products, software and services through a global network.
Mining and Rock Excavation Technique
The Mining and Rock Excavation Technique business area provides equipment for drilling and rock excavation, a complete range of related consumables and service through a global network.
The Construction Technique business area provides construction and demolition tools, portable compressors, pumps and generators, lighting towers, and compaction and paving equipment. It offers service through a global network.