KSB (company)

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KSB SE & Co. KGaA

logo
legal form SE , partnership limited by shares
ISIN DE0006292030
founding 1871
Seat Frankenthal , GermanyGermanyGermany 
management
  • Stephan Timmermann, CEO
  • Stephan Bross, CTO
  • Ralf Kannefass, CSO
  • Matthias Schmitz, CFO
Number of employees 15,713 (2018)
sales 2.25 billion euros (2018)
Branch Pumps & fittings
Website www.ksb.com

The KSB SE & Co. KGaA ( SE and limited by shares , formerly Klein, Schanzlin and Becker AG ) is a publicly traded manufacturer of pumps and valves based in Frankenthal (Palatinate) . The KSB Group is represented around the world with its own sales companies, production facilities and service companies.

In 2018, the KSB Group generated sales of around EUR 2.25 billion with around 15,700 employees.

Markets and locations

Centrifugal pumps account for around two thirds of sales in the KSB Group . Like shut-off valves, they are sold to system manufacturers, original equipment manufacturers and end customers, and some are brought onto the market via dealers. The same applies to control, regulation and monitoring systems as well as compact systems with pumps and fittings.

The best developed market for these products is Europe; KSB has its main production facilities in Germany and France here. KSB's main plant in Frankenthal is the largest European plant ahead of the production sites in Pegnitz (Bavaria), Halle (Saxony-Anhalt) and La Roche-Chalais (France).

KSB products find the second most important market in Asia, followed by America / Oceania and the Middle East / Africa region. Outside of Europe, the largest KSB plants are in Brazil, China, India and the USA.

KSB manufactures products and components in total in 16 countries; Sales are carried out through our own companies and agencies in more than 100 countries. With their products, the group companies serve customers in industry including the chemical and petrochemicals, in the energy supply, in the construction industry, in the manufacture and operation of means of transport (e.g. ships and rail vehicles), in water supply and wastewater disposal as well as in mining. The market areas with the highest turnover in 2016 were again industry and energy supply.

history

Foundation and development until 1945

The mechanical engineer Johannes Klein received a patent in 1871 for his invention of the automatic boiler feeder and in the same year founded the company Frankenthaler Maschinen- & Armatur-Fabrik Klein, Schanzlin & Becker with the support of Friedrich Schanzlin and Jakob Becker . Since 1887 the company has operated as a stock corporation under the management of Johannes Klein.

The first foreign company was founded in Great Britain in 1896 and was headed by Jacob Klein , Johannes Klein's younger brother. Between 1924 and 1934, KSB acquired further plants in Germany and established subsidiaries in Europe. The KSB Compañía Sudamericana de Bombas in Argentina became the first KSB company on the American continent to start operating in 1941. During the war, KSB was an important supplier to the armaments industry and played a key role in the development and manufacture of turbo pumps for the V2 rocket .

Development after 1945

With the establishment of a subsidiary in Pakistan in 1953, KSB is represented in the Asia-Pacific market for the first time. The pumps AG in Homburg , the Kleinschanzlin-Bestenbostel in Bremen and the AMAG Hilpert Pegnitz Hütte AG with the works of Nuremberg and Pegnitz go in 1959 in Klein, Schanzlin and Becker AG on.

In 1960, the non-profit KSB Foundation was established to promote the natural sciences and train young scientists in the fields of technology, natural sciences and economics. Otto Klein-Kühborth, descendant of the founding family, transferred a qualified majority of the KSB share capital to the KSB Foundation in 1964.

1986 KSB takes over the leading French pump manufacturer Pompes Guinard SA , Paris and in 1989 acquires the second largest valve manufacturer in the world, Amri SA , Paris . In 1988, KSB entered the solid fuel pump market with the acquisition of the US company GIW Industries Inc. in Grovetown. The Halle-pumping stations GmbH is in the 1990 KSB AG incorporated. With the joint venture KSB Shanghai Pumps Co. Ltd. founded in 1994 KSB strengthens its involvement in the Chinese market. Three years later, the KSB program is expanded through the purchase of MIL Controls Ltd. , Mala (Kerala) expanded to include ANSI fittings and control valves.

In 2003, KSB took over the Dutch pump manufacturer DP industries BV With this, KSB expanded its product range to include pumps made of deep-drawn stainless steel sheets for building and industrial technology. In addition, KSB acquires the majority in Bombas ITUR, SA, based in Zarautz (Spain), whose sales network in industrial and building technology as well as in marine technology opens up new business opportunities. In 2004, KSB founds Dalian KSB AMRI Valves Co. Ltd. in the Chinese free trade zone of Dalian . This is where flaps for industrial and building technology are manufactured and assembled. One year later, KSB acquired the valves business of the Brazilian IVC S / A Indùstria de Válvulas e Controles . The products are mainly used in the oil and gas industry, power plant technology, the paper industry and other industrial applications.

In 2008, KSB founded joint ventures with two Asian companies : The German-Japanese Nikkiso -KSB GmbH develops and sells canned motor pumps for the markets in Europe and the Middle East. The German-Chinese joint venture Shanghai Electric-KSB Nuclear Pumps and Valves Co. produces safety-relevant pumps and valves for the power plant market in China.

The German-Chinese joint venture SEC-KSB Nuclear Pumps & Valves established its plant in Lingang near Shanghai in 2009 . 125 employees there produce pumps, later valves, for Chinese nuclear technology.

In 2010, KSB acquires 80 percent of the shares in the Italian drive specialist Itaco. This acquisition ensures access to a new type of energy-saving motors . With the acquisition of the South Korean Seil Seres in 2011, the KSB fittings portfolio is expanded to include products for the marine sector. In 2013, KSB opened a new valve factory in Jundiaí, Brazil . There, KSB Válvulas manufactures ball valves , gate valves and valves, which are mainly used in the oil and gas industry. At the end of 2015, KSB closed the plant in Homburg and relocated the underwater pumps produced there to the main plant in Frankenthal.

Board members (selection)

Company structure, stock exchange & shareholders

The company's share capital (€ 44.8 million) is divided into 1,751,327 no-par value shares (ordinary and preference shares). The number of ordinary shares is 886,615 and the number of preference shares is 864,712. Both the ordinary shares and the preference shares are admitted to the regulated market (General Standard) and are traded on Xetra and on almost all German stock exchanges.

The company has been trading as KSB SE & Co. KGaA since January 17, 2018. In this legal form, the general partner KSB Management SE is responsible for the management. With the change of legal form, holders of ordinary or preference shares of the previous KSB AG became shareholders of KSB SE & Co. KGaA.

Johannes und Jacob Klein GmbH (the majority of which is held by the KSB Foundation) holds approx. 84% of the ordinary shares and approx. 20% of the preference shares.

The remaining ordinary and preference shares are in free float.

literature

Web links

Commons : KSB Aktiengesellschaft  - Collection of images, videos and audio files

Individual evidence

  1. a b c KSB Annual Report 2018. Accessed July 11, 2019 .
  2. KSB Corporate Communications: Annual Report 2016. KSB Aktiengesellschaft, March 30, 2016, accessed on June 3, 2016 .
  3. KSB history . Retrieved June 27, 2014.
  4. Otto H. Schiele (Ed.): The Golden Middle II . Frankenthal, 1996, ISBN 3-00-001026-2 .
  5. Robert J Dalby: A4 / V2 Rocket in detail: Turbopump , Astronomy and Nature TV, video in English, discussion of the development of the pumps in partnership with KSB from minute 35 '
  6. Klein-Kühborth ( Memento of the original from March 4, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. at www.pumpeninfo.de  @1@ 2Template: Webachiv / IABot / www.pumpeninfo.de
  7. KSB: Investor relations , as of December 31, 2018, accessed on August 11, 2019