Walter AG

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Walter AG

logo
legal form Corporation
ISIN DE0007752909
founding 1919
Seat Tubingen , Germany
management
Number of employees 1,214 (2018)
sales EUR 294 million (2018)
Branch Machining industry, metalworking industry
Website www.walter-tools.com

The Walter AG is a German tool manufacturer for metal cutting . The company is a subsidiary of Sandvik Holding GmbH, which in turn belongs to the Swedish company Sandvik AB . The headquarters are in Tübingen, Baden-Württemberg .

history

The company was founded in 1919 in Düsseldorf under the name Walter Hartmetall GmbH by Richard Walter. In 1924, a small company in Tübingen was taken over, which later became the Walter Montanwerke . The headquarters moved to Tübingen in Baden-Württemberg. The company submitted its first patents in the hard metal sector in 1926. In 1953 the world's first fully automatic grinding machine was developed. Carbide indexable inserts have been produced since 1960 . In 1990 the company was converted into an AG. In 2004, the mechanical engineering division was sold to what was then “Körber Schleifring GmbH” (a company of Körber AG ), now Körber Solutions. As a result of a squeeze-out in 2005, Walter AG is 100% owned by Sandvik Holding GmbH.

Since January 2008, the brands of what were previously three companies have been united under the umbrella of Walter AG: Walter, Walter Titex and Walter Prototyp. In September 2010, the company introduced the new Walter Multiply brand. Together with the five competence brands Walter, Walter Titex, Walter Prototyp, Walter Valenite and Walter Multiply, Walter AG offers over 45,000 catalog tools. The product portfolio ranges from indexable inserts, solid carbide and HSS tools to PCD tool systems and complex actuating tools. This makes Walter AG a full-service provider in the machining industry and covers the machining areas of milling, turning, drilling and threading.

With the takeover of the software specialist Comara GmbH in 2017, Walter AG sees itself as one of the industry's leading providers of digitized process solutions.

On January 22, 2020, the company announced that it would be giving up its Frankfurt location. Around 200 employees are affected. The accusation against the company: Although business is going well, they want to relocate production to low-wage countries.

Group structure

Walter AG is a holding company and is represented worldwide with the following subsidiaries:

  • WALTER DEUTSCHLAND GmbH, Frankfurt
  • WERNER SCHMITT PKD-Werkzeug GmbH, Niefern-Öschelbronn
  • TDM SYSTEMS GmbH, Tuebingen
  • Comara GmbH, St. Georgen
  • WALTER (Schweiz) AG, Biberist / Switzerland
  • WALTER ITALIA SRL, Cadorago / Italy
  • WALTER TOOLS IBERICA SA, El Prat de Llobregat / Spain
  • WALTER LLC, Saint Petersburg / Russia
  • WALTER AUSTRIA Ges.mbH, Vienna / Austria
  • WALTER CZ SPOL. SRO, Kurim / Czech Republic
  • WALTER POLSKA Sp.zo.o, Warsaw / Poland
  • WALTER HUNGARIA Kft., Budapest / Hungary
  • WALTER KOREA Ltd., Shingil-dong, Ansan, Kyungki-do / South Korea
  • WALTER Tools India Private Ltd., Pune / India (95%)
  • WALTER MALAYSIA SDN. BHD., Jalan / Malaysia

Sponsorship

From 2004 to 2018, Walter AG was the name and main sponsor of the basketball team Walter Tigers Tübingen .

literature

  • Gerd Heimisch: Stories of Innovation 100 years Walter 1919 - 2019 Walter AG , Tübingen: Walter AG, 2019 [Festschrift]

Web links

Individual evidence

  1. ↑ a b c Federal Gazette Annual Report 2018
  2. ↑ Company profile (PDF; 167 KB)
  3. ↑ Tool manufacturer closes production. Hessischer Rundfunk, January 22, 2020, accessed on February 16, 2020 .
  4. ↑ Dynamism and Power: Walter and Basketball. In: walter-tools.com. November 21, 2015, accessed November 21, 2015 .
  5. ↑ Tigers start again in the BBL - in Tübingen , Schoenen-Dunk.de. Retrieved November 21, 2015.
  6. ↑ 2. Basketball Bundesliga ProA: The Tigers roar in the new season without Walter AG . In: Schwäbisches Tagblatt online . ( tagblatt.de [accessed on May 17, 2018]).