Satair
| Satair A / S | |
|---|---|
| legal form | Corporation |
| founding | 1957 |
| Seat | Kastrup , Denmark |
| management | Bart Reijnen, Chief Executive Officer (CEO) |
| Number of employees | > 1,400 |
| sales | > $ 2 billion |
| Branch | Aviation industry |
| Website | [1] |
Satair A / S is one of the world's largest distributors of spare parts for aircraft and helicopters. The company's headquarters are in Kastrup near Copenhagen in Denmark. The company, which was founded in 1957, has around 360 employees and achieved sales of around 403 million US dollars (2010). In July 2011, Airbus made a takeover bid of US $ 500 million.
history
The company was founded in December 1957. On December 23, 1957, a group of business people involved in the aviation industry formed a new organization: Scandinavian Air Trading Co. A / S. The founders were Blicher Jensen, an engineer at SAS and ten of his colleagues. Together they set up a capital of DKK 50,000 and distributed it more or less evenly.
The company's chairman was Helge W. Hansen and the address of Satair was his home address. Everything concerning the purchase and sale was taken over by the eleven stakeholders and the books were kept by Helge W. Hansen's wife.
Satair was expanding and needed a bigger office and more employees. The secretary "Tove Jeppesen" was hired as the first employee.
Satair had 24 employees and annual net sales of DKK 20 million. The business continued to grow and in 1979 the management decided to build a new warehouse and office building at Amager Landevej 151 in Kastrup, Denmark.
Satair employed 65 people in 1980 and sales revenue passed the 100 million (DKK) threshold. The Satair buildings were destroyed by fire in 1981. Shortly before Christmas, in the early morning hours of December 22nd, a fire broke out in the old camp. In 1986 Satair established a subsidiary in the United States and opened a subsidiary in Singapore in 1988.
In 1994, Satair's CEO, Knud Soerensen, retired from the company at the age of 72 after 35 years of service. John Staer was named his successor. Satair established subsidiaries in Malaysia and China and took over companies in France and Switzerland.
On June 3, 1997, Satair A / S was admitted to the Copenhagen Stock Exchange.
In 2000, Satair's sales exceeded 1 billion (DKK). New concepts were introduced: Satair Direct - the group's e-commerce concept - and IPP, a new service concept. In 2001 Satair decided to start its OEM activities with the UK based company CJFox & Sons Ltd. to merge and founded the Satair Hardware Group. In 2003 Satair acquired the two companies Lentern (aircraft) Ltd and Lentern International Inc.
In 2005, Satair signed an agreement with the US-based Pall Corporation to acquire Pall's distribution activities for Pall products in the commercial aftermarket in North and South America.
In 2008, Satair acquired a 49% stake in the Chinese repair company Sichuan Ruibo. In 2010, Satair completed the purchase of Aero Hardware in the USA and acquired Aero Quality Sales based in England the following year.
As of November 2011, Satair A / S was taken from NASDAQ OMX Copenhagen and became a 100% subsidiary of Airbus and continues to operate as an independent brand owned by Airbus.
Airbus Material & Logistics Management and Satair A / S were officially merged on January 1, 2014 into a joint organization - Satair Group. In addition, a location was opened in Singapore. The services include spare parts management, spare parts service and support for all types of aircraft. The Satair Group is headquartered in Hamburg, Germany and Copenhagen, Denmark. At its head is the CEO Bart Reijnen.
Web links
Individual evidence
- ↑ Airbus becomes a spare parts dealer ( Memento from September 12, 2011 in the Internet Archive ), Financial Times Deutschland, July 28, 2011
- ↑ MRO management. Retrieved June 21, 2018 .
- ↑ Airbus vil købe Satair for 2.6 billion. In: Berlingske Business . July 27, 2011 ( business.dk [accessed June 21, 2018]).
- ^ Strategylab.dk - Project Fly - The Satair takeover story. Retrieved June 21, 2018 .
- ↑ lett.dk
- ↑ lett.dk
- ↑ lett.dk
- ↑ thefreelibrary.com