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Atlas Copco ABATCO.A-STTOP PICKFeb 25, 2026Stock price when the opinion was issued
Vacuum technology is its core expertise.. It is tied to the semi-conductor sector since production needs clean space. It is the best of breed in its category and probably the best capital goods company in Europe. It is under-priced and somewhat under-covered. He has done well with Swedish companies - management companies tend to be shareholder friendly.
Global leader in vacuum technology. Dividend increases annualized over 5 years of 10%, 10 years of 6% -- quite solid. Asset light, so fairly high return metrics. Weak last year on exposure to semiconductor market.
Will benefit from AI spend. Tuck-in acquisitions.