NKT Holding
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| NKT Holding | |
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| Type | Public (OMX: NKT) |
| Founded | 1891 |
| Founder | H.P. Prior |
| Headquarters | Copenhagen, Denmark |
| Key people | Thomas Hofman-Bang (President and CEO), Søren Isaksen (CTO), Christian Kjær (Chairman of the board) |
| Industry | Industrial machinery |
| Products | Power cables, Pipelines, vacuum cleaners, optical fibres |
| Revenue | DKK 13,525 million (2007)[1] |
| Operating income | ▲ DKK 1,133 million (2007)[1] |
| Profit | ▲ DKK 820 million (2007)[1] |
| Employees | 7,570 (2007)[1] |
| Subsidiaries | NKT Flexibles |
| Website | www.nkt.dk |
NKT Holding is a holding company and industrial conglomerate with interests in cables and wires, vacuum cleaners and high-pressure cleaners for both industry and private use, Flexible pipelines for the oil and gas industry and finally optical components, and nanoscale manipulation of polymers.
The company is listed on the Copenhagen Stock Exchange and has been so since 1898.
NKT Holding is a parent company, with 4 main companies and more than 80 subsidiaries. The 4 main companies are;
- NKT Cables
- Nilfisk-Advance (Alto, Nielfisk, Viper)
- NKT Photonics (Crystal Fibre, KOHERAS, LIOS Technology)
- NKT Flexibles (co-owned with Acergy)
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[edit] History
The company was founded in 1891 by H.P Prior, who would later become chairman of the Danish industry council, under the name of "Nordisk Elektrisk Ledningstraad og Kabel-Fabrik". It quickly expanded, buying up other companies, and it 1898 was named "Nordiske Kabel og Traadfabriker".
Over the next 100 years the company is active in a number of sectors outside the cable industry, including glass, aluminium, steel, nails, fasteners etc.
In 1989 the company buys "Fisker & Nielsen", a global player in the vacuum cleaner industry[2]. The company is renamed "Nielfisk Advance" after the biggest brand and NKT invests heavily in R&D, expanding the product line to high-pressure cleaners and advanced cleaning machines for the industry.
In 1990 the company creates the current company structure and over the next 10 years, begins merging and selling of several of the smaller companies in its portfolio including GIGA[3], which is sold to Intel and focuses on the 4 main sectors.
[edit] International operations
NKT is present all over the world, both with sales offices and with production facilities and factories. NKT Cable's HQ and main production facility is located in Cologne, Germany. Over the next 5 years a massive expansion is planned, including a 100 million Euro investment in a new factory[4]
[edit] Members of the Board of Directors of NKT Holding
- Christian Kjær, Chairman of the Board of Directors
- Jan Trøjborg, Vice Chairman of the Board of Directors
- Krister Ahlström
- Jan Wraae Folting
- Jørgen Bjergskov Nielsen
- Jens Maaløe
- Jens Due Olsen
- Gunnar Karsten Jørgensen
- Arne Dan Kjærulff
[edit] References
- ^ a b c d Annual Report 2007. NKT Holding. Retrieved on 2008-05-07.
- ^ NKT - 1980 - 1989
- ^ NKT - 2000 - 2010
- ^ NKT - NKT Cables - new high voltage factory in Cologne
[edit] External links
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