Atlas Copco
Company Profile
Committed to sustainable productivity
Atlas Copco is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems.
The Group delivers sustainable solutions for increased customer productivity through innovative products and services.
Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries.
In 2009, Atlas Copco had revenues of BSEK 64 and 30 000 employees.
Vision
The Atlas Copco Group’s vision is to become and remain First in Mind—First in Choice ® of its customers and prospects, and of other key stakeholders.
Mission
Atlas Copco is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems.
The Group delivers sustainable solutions for increased customer productivity through innovative products and services.
Strategy
Atlas Copco has strong positions globally in most segments where it offers products and solutions. The Group concentrates on strengthening its position within segments where it has core competence.
To reach its vision First in Mind—First in Choice ®, the Group has three overall strategic directions:
Organic and acquired growth
Innovations and continuous improvements
Strengthened aftermarket
Financial targets
Atlas Copco Group has defined financial targets that will create and continuously increase shareholder value. The overall objective is to grow while achieving a return on capital employed that always exceeds the Group’s average total cost of capital.
Non-financial targets
General
• All employees shall receive appropriate training in the Business Code of Practice.
Social/employees
• Each employee shall be provided with an average of 40 hours competence development per year.
• Each employee shall receive an annual personal performance appraisal.
• Internal mobility is encouraged with the aim to recruit 85 % of managers internally.
• Reduction of work-related accidents by 50 %. The vision is no work-related accidents.
• Increase number of business units with zero accidents.
• Sick-leave shall remain below 2.5 % days.
• All employees shall work in an environment with an occupational health and safety system.
• All production units and customer centers with more than 70 employees shall have an OHSAS 18001/VPP certified system.
Environmental
• All production units shall be ISO 14001 certified.
• All employees shall work in an Environmental Management System (EMS) certified environment.
• All divisions shall have measurable targets for main product categories to increase energy efficiency.
• All production units shall reduce their CO2 emissions, including transport to and from production sites.
Business partners
• Business partners shall be evaluated from an environmental and social performance point of view in addition to general business objectives.
• Business partners shall be encouraged to implement an environmental system similar to Atlas Copco’s system.
Brands
In order to reach its vision of First in Mind—First in Choice ®, the Group owns more than 30 brands. The multi-brand strategy is fundamental to the Atlas Copco Group and by using more brands it can better satisfy the various customer segments’ specific needs.
The Atlas Copco brand accounts for about 82 % of revenues.
Structure
The Group is organized in three separate, focused but still integrated business areas, each operating through divisions.
The role of the business area is to develop, implement and follow up the objectives and strategy within its business.
The divisions are separate operational units, each responsible to deliver growth and profit in line with strategies and objectives set by the business area. The divisions generally conduct business through customer centers, distribution centers and product companies.
