

Atlas Copco: Sweden’s Best Kept Secret - [Business Breakdowns, EP. 71]
25 snips Aug 24, 2022
Stephen Paice, Head of European equities at Baillie Gifford, shares his deep knowledge of Atlas Copco, a Swedish industrial titan known for air compressors and vacuum pumps. They explore the company's impressive 40x shareholder returns over two decades and the influential Wallenberg family's role in its history. Paice discusses the significance of pneumatic technology across industries, and they delve into Atlas Copco's unique corporate culture and strategic decisions that have guided its evolution and adaptability in the market.
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Atlas Copco: A Swedish Industrial Giant
- Atlas Copco, a dominant B2B player in air compressors and vacuum pumps, thrives on a unique decentralized structure and family ownership.
- Despite its $50B market cap, it remains largely unknown outside Sweden.
Atlas Copco's Product Portfolio
- Atlas Copco sells productivity solutions like air compressors and vacuum pumps to diverse industries globally.
- Their products are essential for various applications, from inflating tires to powering industrial machinery.
The Importance of Air Compressors
- Air compressors are essential for powering tools and machinery, often called the "fourth utility."
- Pneumatic energy, derived from compressors, is fundamental to modern society's operations.