Bonfiglioli
3rd record year in a row
With a turnover of 913 million euros or growth of around 13%, Italian drive specialist Bonfiglioli recorded a record year for the third time in a row in 2018. In terms of regions, the emphasis continued to shift towards China, India and the USA.
In terms of products, Bonfiglioli generated around 45% of sales last year with drives for mobile machinery and around 13% with drives for wind turbines. The rest of the turnover was generated by drives for industrial applications. In the field of mobile construction machinery, Bonfiglioli claims to have grown 6 to 7% faster than the market worldwide in the last two years. In the USA, China and India, turnover has cumulatively doubled in the last two years.
At the end of 2018, the Italians completed the takeover of O&K Antriebstechnik GmbH in Hattingen and thus became the sole owner of the German company. Since Bonfiglioli's first investment in 2015, O&K's turnover has increased from EUR 36 million to around EUR 71 million in 2018. The positive trend is expected to continue in 2019, partly due to a new and more efficient product design and the development of new applications in the marine and offshore sectors.
You might also be interested in
Siemens wants to take over string inverter business
Siemens has announced that it will take over the string inverter business of Kaco new energy and integrate it into its new operating company 'Smart Infrastructure'. The project development and EPC business is not part of the takeover.
read more...Number of electric cars grows by 64
At the beginning of 2019, the number of electric cars worldwide had risen to 5.6 million - an increase of 64% compared to the previous year. According to the ZSW, growth has accelerated for the second time in a row. The main drivers are China and...
read more...The realignment
In mid-December 2018, ABB announced fundamental measures to focus its business and strengthen its technology leadership in digital industries. The company has now provided a strategy update.
read more...ABB - 4th quarter and full year 2018
Solid growth and lower profit
ABB has now announced its figures for the 2018 financial year: With growth of 8% in order intake and 4% in sales, Group management is very satisfied.
read more...Business figures / 1st quarter 2019
Rockwell Automation continues to grow
Rockwell Automation has published its financial figures for the first quarter of 2019. Compared to the same period last year, the US provider of industrial automation and information solutions increased its turnover to 1.64 billion US dollars - an...
read more...Figures for the first quarter of 2019
Strong order intake, falling profit at Siemens
Siemens has announced its figures for the first quarter of 2019. While incoming orders set a new record, profits halved. The 'Digital Factory' and 'Process Industries and Drives' divisions recorded some of the strongest sales growth.
read more...Electric motors for hybrids and e-cars
Bosch takes over EM-motive completely
Bosch takes over EM-motive completely. The electric motor manufacturer was founded in 2011 as a joint venture between Bosch and Daimler. It has produced around 450,000 electric motors to date.
read more...Danfoss wants to take over UQM Technologies
The Danish Danfoss Group is planning to purchase the US company UQM Technologies via its subsidiary Danfoss Power Solutions. The purchase price is 100 million US dollars. UQM is a manufacturer of electric motors, generators, power electronics and...
read more...KEB acquires stake in Brusatori Motori Elettrici
The East Westphalian company KEB Automation acquired a 30% stake in the Italian motor manufacturer Brusatori, based near Milan, at the turn of the year.
read more...