Muehlhan

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Muehlhan AG

logo
legal form Corporation
ISIN DE000A0KD0F7
founding 1881
Seat Hamburg , Germany
management Stefan Müller-Arends, CEO
Number of employees 2,929 (2017)
sales 247.7 million (2017)
Branch Industrial services
Website www.muehlhan.com

The Muehlhan AG acts as the holding company for various subsidiaries that are world leaders as a specialist in the areas of ship, oil & gas, renewables and industrial / infrastructure.

In these areas, services in surface protection, passive fire protection, scaffolding and access technology, steel construction and insulation are provided.

The company generated sales of EUR 247.7 million in the 2017 financial year and employed 2,929 people on average over the year.

From October 26, 2006 to February 1, 2017, Muehlhan AG was listed on the Entry Standard of the Frankfurt Stock Exchange.

It has been in the Basic Board segment since March 1, 2017.

history

The company was founded in 1881 by Johannes Cornelius Amadeus Marckmann and was initially active in steam boiler cleaning. Georg Heinrich Mühlhan bought the company in 1911 . He entered new business areas with ship cleaning, insulation work and trading in ship supplies. Heinrich JP Muehlhan entered the business in 1947 and focused the business on tank cleaning. With the equipment of the Strahl-O-Matic , a ship with a blasting device, cleaning work could also be carried out directly on the water or from the sea side of the ships lying in the port from 1963.

Internationalization began in 1981 with the establishment of Mühlhan & Co. International oHG (from 1998 Mühlhan Surface Protection (International) GmbH ) as the holding company.

The first projects in Eastern Europe soon led to the establishment of companies abroad. The new subsidiaries specialized in corrosion and surface protection in industrial and maritime applications.

In 2000, Muehlhan dared to venture into neighboring France by founding a subsidiary. In 2001 Muelhahn took SIPCO , a large US company specializing in surface protection for industrial and marine. One year later, the takeover of Haraco Services Pte Ltd , a company from Singapore that had specialized in corrosion protection. A year later a subsidiary was founded in Great Britain . A subsidiary in Norway was founded in 2004.

On April 5, 2006, the name of the previous GmbH was changed to a stock corporation - Muehlhan AG . On October 26, 2006, the company was listed in the Entry Standard of the Frankfurt Stock Exchange.

Since then, the global network of subsidiaries and branches has expanded continuously. After the Entry Standard of the Frankfurt Stock Exchange was discontinued, the Muehlhan share is listed on the Basic Board

Business areas

The company divides its activities into four fields:

  • Surface protection of industrial plants
  • Scaffolding for shipbuilding, offshore, building construction, industrial power plant technology and grandstand construction
  • Steel structures
  • Passive fire protection
  • Special access technology

Shareholder structure

As of December 31, 2017, the shareholders are distributed as follows:

  • 23.85 percent, Greverath Investment Verwaltungs- und Erhaltungs-GbR (GIVE GbR)
  • 13.91 percent, GIVE Maritime and Industrial Services GmbH
  • 10.77 percent, GIVE Capital GmbH
  • 14.02 percent, participation of the administrative bodies
  • 0.77 percent, deductible from Muehlhan AG
  • 36.67 percent, free float

References

Web links

Footnotes

  1. a b c Annual Report 2017. Accessed October 26, 2018 .
  2. Muehlhan - On a long journey to the stock exchange (on goingpublic.de) ( Memento from September 28, 2007 in the Internet Archive )