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...The Swedish presence includes giants such as Atlas Copco, the world’s leading provider of air compressors, and Sandvik, which makes mining equipment....
...Copco and Northvolt....
...Atlas Copco makes compressors, power tools, and vacuum technology for industries from automotive to semiconductors and is well known for its decentralised management approach that has led it to become an...
...He admitted Atlas Copco could extract more synergies by being more centralised....
...In Europe, the chief of Atlas Copco, Sweden’s biggest company, has told the FT he is expecting big growth rates in automated manufacturing....
...● Atlas Copco, the Swedish industrial compressor and vacuum maker, retreated after cutting guidance to reflect disappointing orders from its automotive and semiconductor end markets....
...Atlas Copco of Sweden, the maker of industrial compressors and vacuums, retreated after cautioning of weaker near-term equipment demand from the semiconductor industry....
...“Just collecting data has no value to Atlas Copco.”...
...But shareholders in Atlas Copco should cheer news on Monday that the Swedish industrial company will spin off its mining equipment division into a separately listed company....
...That would leave the existing Atlas Copco to focus on compressors, vacuum technology and its big service business, which have higher margins and are growing faster....
...Mr Leten described himself as a “bit restless”, using weekends to read up on much of the data produced by connected Atlas Copco machinery worldwide....
...Other companies affected are the oil group BP; BASF, the German chemicals company; Atlas Copco, a Swedish maker of industrial tools; Celio, a French fashion business and Wabco, a US company involved in vehicle...
...Mr Leten said: “Vacuum is a business that Atlas Copco can understand. It has more or less the same customer base as compressors – it’s global, similar technology....
...Atlas Copco’s purchase of the UK’s Nasdaq-listed Edwards Group on Monday for up to SKr10.6bn, or $10.50 a share, has been a long time coming. Atlas boss Ronnie Leten tried to buy Edwards in 2006....
...The bank said the financing would support around 3,400 US jobs and is “contingent upon the purchase of US mining and rail equipment” from Caterpillar, General Electric and Atlas Copco....
...The comments from Atlas Copco and Caterpillar are the harbingers for the sector....
...Ronnie Leten, chief executive, loves to show visitors the mining machines, air compressors and power tools that have made Atlas Copco Sweden’s biggest industrial group by market capitalisation, larger even...
...For instance, Atlas Copco, the Swedish mining equipment manufacturer, makes about 42 per cent of its revenues from services but close to 60 per cent of its profits....
...Atlas Copco, Sweden’s largest industrial company by market value says the stronger euro is hurting its compressor business, which primarily produces in Europe and sells in dollars....
...Ericsson fell 3.4 per cent to SKr62.80, while ordinary shares in Atlas Copco , one of Sweden’s biggest industrial groups and a maker of compressors and mining equipment, dropped 3.9 per cent to SKr129.20...
...Copco and Sandvik....
...Atlas Copco, one of Sweden’s biggest industrial groups and a maker of compressors and mining equipment, even enjoyed a positive currency effect in the second quarter as the krona weakened somewhat....
...Komatsu and Hitachi of Japan, Stockholm-listed Atlas Copco and Sandvik, and Sydney-listed Boart Longyear are also among the top manufacturers in the sector....
...In Europe, shares in Sweden’s Atlas Copco have fallen 13 per cent from mid-March highs, while those of Finland’s Metso and Outotec are down even more sharply....
...The cuts could spell the end of a buoyant period for suppliers to the industry, such as Caterpillar, Joy Global of the US and Sweden’s Atlas Copco, which have benefited as demand for trucks, excavators,...
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