Atlas Copco Focus on Chicago Pneumatic Brand

Atlas Copco’s Industrial Technique business area has decided to merge its Chicago Pneumatic Vehicle Service and Industrial divisions. Creating significant customer benefits, the reorganization follows other measures within the Group to leverage the strength of the Chicago Pneumatic brand on a global scale.

Atlas Copco’s Industrial Technique business area has decided to merge its Chicago Pneumatic Vehicle Service and Industrial divisions. Creating significant customer benefits, the reorganization follows other measures within the Group to leverage the strength of the Chicago Pneumatic brand on a global scale.

The manufacturing, logistics and purchasing resources of both divisions will be combined within the Tooltec division. The commercial resources will be combined within the new organization, dedicated to the success of Chicago Pneumatic in all its markets. The organizational change, in effect as of March 1, 2009, offers significant synergies, particularly in the areas of product development and administration.

“The creation of one focused organization will result in a stronger Chicago Pneumatic, serving customers in the vehicle service, light industrial and MRO (maintenance, repair and overhaul) market segments more efficiently,” said Mats Rahmström, Business Area president. “The change will strengthen our sales force and help us achieve a market leading position in Europe, the Americas and Asia.”

Chicago Pneumatic in 2008 became the second brand within the Group to be used globally in all business areas, complementing the Atlas Copco brand in selected market segments to reach a wider group of customers. Chicago Pneumatic tools for the construction industry were launched, as were compressors building on the characteristics of the brand; high performance and durability. Sales offices for Chicago Pneumatic were opened in Russia, Central Europe, Africa and Asia.

Atlas Copco (STO:ATCOA) (STO:ATCOB) is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 136 years of experience, Atlas Copco innovates for superior productivity.

Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. In 2008, Atlas Copco had 34 000 employees and revenues of BSEK 74 (BEUR 7.7).

Atlas Copco’s Industrial Technique business area develops, manufactures and markets industrial power tools, assembly systems, aftermarket products, software and service. It innovates for superior productivity for applications in the automotive and aerospace industry, general industrial manufacturing and maintenance, and vehicle service worldwide. Principal product development and main manufacturing units are in Sweden and France.