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Atlas Copco CEO Ronnie Leten marked the company’s 140th anniversary by ringing the opening bell at the NASDAQ MarketSite in New York’s Times Square this morning. The bell ringing signifies not only the beginning of the day’s trading, but also the start of a yearlong celebration for the company.
Through 140 years of innovation and acquisition, Atlas Copco has grown to serve customers in more than 170 countries. In the United States alone, Atlas Copco has 109 locations, 1.7 million square feet of manufacturing, production, distribution and office space, employs more than 4,600 people and works with hundreds of carefully selected distributors. North America operations generated more than $2.8 billion (USD) in annual revenue in 2012.
“From our beginning in 1873 as a manufacturer of products for the railroad industry, we have expanded and adapted to hold world-leading positions in compressed air and gas equipment, construction and mining equipment, industrial tools and assembly systems,” said Jim Levitt, president of Atlas Copco North America. “The United States is the group’s largest single market, and North America contributes about one-fifth of our overall revenue. The best way to celebrate 140 years in business is to acknowledge the customers that make it possible. We sincerely thank each and every one of them for their business.”
As an additional part of the anniversary celebration, the company
donated $60,000 to New York City-based Charity:Water, a global
non-profit dedicated to bringing clean and safe drinking water to people
in developing nations. Today’s donation brings Atlas Copco’s total
Charity:Water giving to $161,000 since 2010, with the company’s
employee-run Water for All organization donating more than $239,000
since the program’s inception.