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Quandt is the name of a German familyfamily family, which had settled around 1700 in the brandenburgischen Pritzwalk. The cloth manufacturer Emil Quandt (1849-1925) let its son Quandt (1881-1954) complete training in the textile industry. Afterwards Quandt occurred as an attorney the paternal company. 1909 he was already director/conductor of several cloth factories in his hometown.
In first marriage Quandt was married with Antonie Ewald, which died 1918 at the Spanish flu. From this marriage the two sons light courage Quandt (1908-1927) and Herbert Quandt (1910-1982) followed.
With outbreak of the First World War Quandt was appointed the director/conductor of "realm wool AG". Its group of firms became main supplier of the army. After the war it until 1922 adviser remained in the realm Ministry of Economic Affairs. Starting from 1922 it engaged itself more and more in the potash industry, and it succeeded to it to acquire the stock majority of the accumulators AG (depr.) - the later company VARTA.
Between 1921 and 1929 Quandt was married with Magda Rietschel. From this marriage the son Harald followed, which Quandt kept after the divorce of Magda with itself. Magda married late Joseph Goebbels.
After the National Socialist seizure of power Quandt was entrusted 1937 with the function of the military industrial leader. The accumulators of the depr. served among other things submarines as drive, the textile factories supplied - like already in the empire and in the Weimar Republic - the uniforms and covers, other quandtsche enterprises weapons and ammunition.
Immediately after end of war Quandt in a Entnazifizierungsverfahren was explained as the It succeeded to it to gain in the course of the Wirtschaftswunders again a guide roller. Its children, which 1910 born son Herbert and its half brother Harald, he had to successors erkoren. It accommodated both in leading positions in the enterprises controlled by him. Together with them it implemented the Quandt Imperium by the family company "AG for industrial participations" from Stuttgart. Quandt died on 20 December 1954 on a vacation trip in Cairo. The capital of the worth millions Quandt Holding went to 50 per cent each to its both sons.
The sons administered the inheritance together, specified however certain competencies. During itself Harald Quandt on in the industrial plants Karlsruhe Augsburg AG (IWKA) bundled mechanical engineering and arms activities concentrated, worried Herbert Quandt about VARTA, Daimler Benz and BMW. The latters, the Bavarian engine works in Munich, should prove as one of the largest challenges in the life of the Quandts and became with the spectacular assumption of the supremacy with BMW 1959, with which the assumption was prevented by Daimler Benz, their probably largest business success.
Is from great economic importance today above all the participation of Herbert Quandts of third Mrs. Johanna Quandt. Together with its two children Susanne Klatten and Stefan Quandt holds it 46.6 per cent of the portions of the Bavarian automobile farmer BMW.
Parts of the family ability were brought into the Quandt donation.
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