Trustnet Magazine 87 September 2022 | Page 20

ADVERTORIAL FEATURE

Public policy helps . In the 1990s , the government offered Swedish residents a tax break to buy personal computers with the aim to put a PC in every home

Atlas Copco is a prime example . For Paice , it stands out as “ one of the best , if not the best engineering companies in the world ”. The Wallenberg family has overseen its entire history . Having founded Stockholm ’ s Enskilda Bank in 1856 , André Oscar Wallenberg was one of the company ’ s four founders and largest initial shareholder . “ For 20 years , Atlas Copco has been supplementing sales growth with acquisitions of other businesses .” He says : “ Through fantastic service and aftermarket support for its customers , it ’ s been able to improve its profitability .” But it ’ s the culture within the business that Paice values most , “ it ’ s not just about innovation , it is honed and focused on decentralisation ”. In other words , each sub-business under the Atlas Copco umbrella is empowered to make decisions on its profit and loss accounts . “ It has this long-term mentality , where the focus is on providing services to customers and looking
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