Howden Turbo
| Howden Turbo GmbH | |
|---|---|
| legal form |
GmbH (until 2017) AG (until 2006) |
| founding | 1899 |
| Seat | Frankenthal (Palatinate) , Germany |
| Branch | mechanical engineering |
The Howden Turbo GmbH is a German company of engineering , based in Frankenthal (Palatinate) . The company came into being after Colfax Corporation acquired Siemens Turbomachinery Equipment GmbH (STE) from Siemens in October 2017 for EUR 195 million . Together with the Palatinate plant, branches in Springfield ( Missouri / USA ), Helsingör ( Denmark ) and Mornago ( Italy ) with a total of 130 employees have moved under the Howden umbrella, the Frankenthaler management informed . The long-established brand names Kühnle, Kopp & Kausch will now be used again. The Kuhnle, Kopp & Kausch AG (AG KK & K) was a German mechanical engineering company based in Frankenthal (Palatinate) . The company was taken over by Siemens and was named Siemens Turbomachinery Equipment GmbH (STE) until 2017 . After being sold to Colfax Cooperation and incorporated in Howden, the company was renamed Howden Turbo GmbH.
history
It was founded in 1899 through the merger of three family businesses by Georg Adam Kühnle , Hans Kopp and Rudolf Kausch .
In 1983 the Motoren- und Turbinenunion (MTU) , Munich, acquired the majority of the shares. After MTU was taken over by Daimler-Benz two years later , Kühnle, Kopp & Kausch (indirectly) became a subsidiary of Daimler-Benz.
The Penske Corporation acquired in 1994 the majority of Kuhnle, Kopp & Kausch from the property of belonging to the Daimler-Benz group MTU.
In 1997, BorgWarner Automotive, a leading global automotive supplier, took over the majority of shares in Kühnle, Kopp & Kausch.
The acquiring company "Turbo Group" and the Frankfurt private equity company ECM acquired Kühnle, Kopp & Kausch in March 2005.
In July 2006, Kühnle, Kopp & Kausch was taken over by Siemens Power Generation . On November 22, 2006, this takeover was completed by Siemens.
Kühnle, Kopp & Kausch added industrial steam turbines up to five megawatts to Siemens PG, while “Tridem” and “Quadriga” systems (three or four turbines work together) can achieve up to ten megawatts. Turbo compressors and process gas compressors complete the Siemens PG range, with the turbocharger division for motor vehicles being sold to BorgWarner in 1997 . The turbines from Kühnle, Kopp & Kausch are used to generate electricity or as mechanical drives in industry. Compressors are used in the chemical industry as well as in water and wastewater management. Fans are used in power plants, mines, and in the steel and cement industries.
On June 12, 2007, the company's name was changed to Siemens Turbomachinery Equipment GmbH (STE) .
In October 2015, Siemens Power Generation announced that it wanted to relocate the production of turbines to the Czech plant in Brno for cost reasons ; that would have meant shedding 210 of the 600 jobs at that time. After violent protests and many discussions, including with the works council and IG Metall , Siemens Power Generation then started selling the entire plant at the beginning of 2016.
The Scottish mechanical engineering company Howden, headquartered in Glasgow , announced in March 2018 that it wanted to take over the Palatinate manufacturer of steam turbines and compressors . Howden is part of the US engineering group Colfax Corporation , based in Annapolis Junction , ( Maryland ). Colfax had put the purchase price in March at 195 million euros. Together with the Palatinate plant, branches in Springfield ( Missouri / USA ), Helsingör ( Denmark ) and Mornago ( Italy ) with a total of 130 employees have moved under the Howden umbrella, the Frankenthaler management informed .
Howden Turbo GmbH , based in Frankenthal, was founded on October 3, 2017 through the acquisition by Howden .
Key figures
- Employees: 1,400 (including 580 at the Frankenthal site)
- Turnover: 270 million euros (2005)
- EBIT : 34 million euros (2005)
Individual evidence
- ↑ http://www.ecm-pe.de/de/portfolio-item/agkkk/
- ↑ https://www.eqtpartners.com/Investments/Divestments/Kuhnle-Kopp-Kausch/
- ^ Die Rheinpfalz, Frankenthaler Zeitung, June 14, 2007.