Christ Water Technology
| Christ Water Technology AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1939 |
| Seat |
Mondsee , Austria (holding seat) Aesch , Switzerland (Operational Headquarters) |
| management | Malek Salamor ( CEO ) Leopold Bednar ( Chairman of the Supervisory Board ) |
| Number of employees | 1,487 (September 30, 2008) |
| sales | EUR 278.2 million (2007) |
| Branch | Water treatment |
| Website | www.christwater.com |
The Christ Water Technology AG (until 2002 Christ AG ) is an Austrian-Swiss water technology group . Headquartered in Aesch developed / Switzerland, plans, builds and manages pure and ultrapure water as well as water recycling plants for industrial customers and drinking water - and sewage - treatment plants for municipalities. The company has been a subsidiary of the Canadian GLV Group since 2009.
Christ Water Technology employs around 1500 people and in 2007 generated sales of 278 million euros. The shares were listed on the Vienna Stock Exchange between November 2005 and September 2010 .
history
The company was founded in 1939 by Theodor Christ in Basel as a trading company. In 1952, the company started to manufacture systems for water treatment as a second mainstay. Christ AG , which was converted from a sole proprietorship into a stock corporation in 1955, with the areas of water treatment and chemicals trading, introduced various innovations in the field of water technology over the years.
In 1992 a management buy-out led to new ownership structures in the former family company and to a strategic alliance with the Austrian BWT Group. As a result, the chemicals trade was outsourced to the newly founded, independent Christ Chemie AG in 1993 . This was taken over in 1997 by the Brenntag Group.
In 1996, Christ AG was listed on the Swiss stock exchange Swiss Exchange listed . In 2000, BWT took over the majority of the shares and in the following year also the remaining shares in free float . Finally, the shares of Christ AG were delisted in July 2002.
The integration into the BWT Group resulted in various structural changes. In 2002 the Christ Water Technology Group was created within BWT with a stock corporation under Austrian law as the corporate umbrella of the Christ Group. The operational headquarters will remain in Switzerland. In 2004, Christ AG was split into Christ Pharma & Life Science AG and Christ Ultrapure Water AG , both of which continued to be stock corporations under Swiss law with their headquarters in Aesch. In November 2005, Christ Water Technology was spun off from the BWT Group and brought to the Vienna Stock Exchange as an independent company with a broad free float.
In July 2009 the company sold the Pharma & Life Science division to the BWT Group. In September 2009, the Canadian company GLV Inc. announced a takeover offer for Christ Water Technology; After the offer was successfully completed, a squeeze-out took place and the share was withdrawn from trading on the stock exchange.