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Atlas Copco Group Celebrates 150 Years

Article-Atlas Copco Group Celebrates 150 Years

Image courtesy of Atlas Copco Group Opening Bell Atlas Copco
Members of the Atlas Copco team rang the NASDAQ opening bell to celebrate the company's 150th anniversary.
Milestone is marked with $150,000 clean water charity donation.

Founded on February 21, 1873 in Stockholm, Sweden, the Atlas Copco Group celebrated its 150th anniversary this morning by ringing the opening bell at NASDAQ in New York City.

The company has spent the last 150 years driving development and delivering innovations to international customers in many industries. Serving more than 180 countries, Atlas Copco is a leading producer of industrial productivity solutions. 

Every day, around the world, products are manufactured, facilities are constructed, critical fasteners are secured, processes are pressurized and cleaned, and all types of gasses are compressed and turned into energy. Atlas Copco unites this seemingly unrelated collection of processes.

Atlas Copco employs more than 49,000 people globally, comprises roughly 60 unique brands, and has global revenues in excess of $13 billion. In the US, the Group has 6,000 employees across its more than 100 locations, including more than 300 employees with over 25 years of experience.

The company initially delivered equipment for construction of the Swedish railroad system. Since then, the Group has evolved to support customers in many different industries through cutting-edge industrial technologies and services that support everything from food production to space travel.

“We are extremely proud of our past, and we continue to shape the future through our technologies and service solutions,” said Mats Rahmström, CEO and president of the Atlas Copco Group. “Much has changed since 1873 when we were a small local start-up. But I think our founders would recognize our innovative spirit, the passion shown by our employees, and our dedication to drive development together with our customers.”

As part of the company’s 150 birthday celebration, their employee-led clean drinking water organization, Water for All, will make its largest ever single donation to a project, pledging $150,000 to US-based organization charity:water for a project in Ethiopia. Over the last 12 years, Atlas Copco’s US Water for All program has supported more than 60 projects across 25 countries and helped several hundred-thousand people gain access to clean water – donating more than $2.5 million in the process. For every dollar an employee donates, the company adds another two dollars, making a double match.

“As we celebrate this milestone, we plan to make 2023 a year that lives long in the memory of our employees, customers, suppliers, and other key stakeholders,” said Aaron Prato, VP Holding for Atlas Copco North America. “This celebration started with our team members joining together for the opening of the NASDAQ stock exchange on our birthday, and will continue with parties at offices across our entire global network.

“I am so proud that our employee-led Water for All organization is able to once again support charity:water and make such a sizable donation. This is just the start – over the coming weeks and months, we will continue the celebration by announcing many more exciting and impactful initiatives,” added Prato.

TAGS: News Business
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