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The GEA Group corporation (from 2000 to 2005: mg of technologies AG, 2000 ago: Metal company) is an enterprise with seat in Bochum (until 2005: Frankfurt/Main), which is active at first in the metal trade, today in the ranges building of special machines (emphasis process technique and components) as well as building of large-scale installations. GEA is the abbreviation for global engineering Alliance. The GEA is listed in the MDAX.
The GEA employs to time of approx. 17,000 coworkers. In the financial year 2004 it obtained - at that time still under the name mg a technologies conversion of approximately 4.1 billion euro. Chairman of the board is Swiss Oleas.
The metal company was created 1881 by William Merton as well as Leo Ellinger and Zacharias high sign and developed up to the First World War to a company with the emphasis raw material trade and mining industry. In the memory to the firm founder the metal company established the William Merton donation on the occasion of its hundred-year firm anniversary. The war met the enterprise hard - it lost a large part of its foreign participation. 1916, the death year William Mertons, took over the son Richard Merton the line of the enterprise.
Already in the year 1897 by the metal company the metallurgical society (starting from 1919 LURGI) for the equipment construction was created for the dressing by ores and for the production by non-ferrous metals.
After the way break of the foreign raw material basis the metal company turned first to the domestic processing sector. Into the 1920er years entered the enterprise additionally into the shipping business. Richard Merton was arrested because of its Jewish origin by the Nazis during the Novemberpogrome 1938, could flee 1939 however to London. In the consequence the national socialists used a state commissioner as chairmen of the board (war) of the strategically very important enterprise. The metal company was merged in the consequence v. A. as a raw material supplier and metal producer into the wartime economy.
1947 stated the OMGUS report that the metal company was not beneficiary of the wartime economy. The responsible person user intermediary stressed also that the enterprise took part neither KZ-workers busy nor purposefully in the war machine.
Fortunately the manufacturing plants of the enterprise were exempted to a large extent from bombardments during the Second World War. By the loss of the east areas however an important raw material market broke to the company away.
Richard Merton returned from the exile and became supervisory board of the society. The increasing requirements of raw materials during the post-war period led first to a stimulation of the commercial transaction. In the 1950er and 1960er years moved then the equipment construction into the center of the business activity. In the further post-war period the enterprise developed to a conglomerate, which invested and grew in a multiplicity of industries.
the metal company of 31,700 coworkers employed and obtained 1990 an annual turnover of 19,827 billion DM.
The enterprise turned out by oiling RMI business of the chairman of the board Heinz mould shrubs, strengthened by publicly delivered disputes with the chairman of the supervisory board, Ronaldo Schmitz, 1993 to the edge of the inability to pay. Schmitz dismissed both mould shrubs and the finance executive committee my hard Forster and dissolved the option dealings with high loss. As the new chairman of the board Karl Josef new churches was appointed. Critics, as for example Thomas Knipp in its book "the struggle for power" criticize the fact that Schmitz could be led during the crisis accomplishment of personal and with the crisis management particularly for the well-being of the German bank and not for the well-being of the metal company had acted. Beyond that the losses resulted only from the dissolution of the option dealings - Schmitz and its advisors would have simply the business are not understood, an opinion until today about critics are not represented, however the special estate respecting for this made, which loads mould shrubs and Forster with the disaster, contradict. 1997 agreed the metal company with the two former executive committees in a comparison.
New churches again the fastened enterprise aligned, of over 700 subsidiary companies remained after comprehensive restructuring only for 380 before, the company concentrated on its four core ranges trade, equipment construction, chemistry and civil engineering. The "actual" metal company was converted to getting thing, which led the four subsidiaries. In the subsequent years the enterprise tried to strengthen the four ranges by purposeful strategically.
1999 were continued to continue the hit concentration process: Two were sold by the four columns - the division building engineering (mg building system) as well as the metal trade. Thus the metal company separated from its tradition as raw material-oriented enterprise. The ranges engineering and chemistry remained remaining. Also the steeped in tradition company name was obsolet by the separation from the raw material range - in February 2000 the general meeting decided a renaming of the metal company in mg of technologies.
2003 came the enterprise because of difficulties in the building of large-scale installations into a however times crisis. The chairman of the board new churches had to announce a serious place dismantling, the mg share lost substantial at value, new churches had to withdraw. The new chairman of the board Udo strong caused again a correction of course - instead of the "two-column strategy" the enterprise concentrates since then on the building of special machines with the emphasis process technique and components as well as on the equipment construction. The chemistry business with the partial companies dynamite Nobel and Solvadis was sold for approximately two billion euro.
Large shareholder Otto Happel, which held approx. 20 per cent from the sales of the Bochumer GEA ("society for dust extracting installations") by the mg at the mg, tried, the chief executive strong inthronisierten by him again to entmachten, since he was not content with its work. From the controversy Happel followed as a winner - strong submitted its resignation, its successor became in November 2004 Oleas.
2005 were renamed the mg in GEA and the head office was shifted to Bochum.
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G» GEA Group» Geberit » Gebr. Eickhoff engine works and iron foundry » Gebr. Heller » Geha works » George Fischer AG » Giesecke & Devrient » Gobelin Manufaktur |
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