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Aalberts

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Aalberts N.V.
Company typeNaamloze vennootschap
EuronextAALB
IndustryManufacturing, engineering
Founded1975
HeadquartersUtrecht, Netherlands
Key people
Wim Pelsma (CEO)
Arno Monincx (CFO)
Revenue 2,979 million (end 2021)[1]
€337 million (end 2021)[1]
Total assets€3,655 million (end 2021)[1]
Total equity€2,184 million (end 2021)[1]
Number of employees
14,402 (end 2021)[1]
Websitewww.aalberts.com

Aalberts N.V. is a Dutch company and was founded under its former name Aalberts Industries by Jan Aalberts in 1975 and became public in 1987. The company was part of AEX from 2015 to 2020 and is currently listed in the AMX. Biggest shareholders are family Aalberts, FMR, Capital Group, Invesco, BlackRock, Impax Asset Management, BNP Paribas Asset Management, New Perspective Fund.[2] Turnover in the year 2023 was €3.3 B euro.[3]

Aalberts engineers mission-critical technologies enabling a clean, smart and responsible future. Aalberts has over 14,402 employees, 135 locations with activities in over 50 countries and operates four mission-critical technology clusters in four end markets: eco-friendly buildings, semiconductor efficiency, sustainable transportation and industrial niches[4]. And has four technology focuses: hydronic flow control, integrated piping systems, advanced mechatronics and surface technologies.[5]

In 2006, Aalberts was fined over €100 million by the European Commission for allegedly being part of a cartel for copper fittings. Aalberts appealed the decision and in 2011 the European Court of Justice acquitted Aalberts. However, the European Commission appealed that ruling. In July 2013, the Court finally acquitted Aalberts on appeal. The company has always denied involvement in the cartel and never made any provision for the fine.[6]

The company was a component in AEX from 23 March 2015 to 23 March 2020. From 24 March 2021, it will be part of the AMX index. Shareholders with an interest of more than five percent are: Aalberts family 13.27%, FMR LLC 10.0%, Capital Group 9.92% and Invesco 5.04%.[7]

Acquisitions & Mergers

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  • Hage Fittings & Flanschen GmbH (2003) Stainless Steel Pressfittings Starpress & GRPESS and Valve Manufacturer[8]
  • H&ST Heat & Surface (2002)[9]
  • Metalis and Methatherm (2002)[10]
  • Durotec (2002) Fluid Control Distributor[11]
  • Machinefabriek Van Andel (2002)[12]
  • Härterei Hauck Rhein-Main GmbH (2002) increased stake 60% to 90%[13]
  • Acorn (2002) Surface Treatment[14]
  • Standard Hidráulica S.A. (2001) Flow Control Manufacturer[15]
  • Meibes Zeitspar-Armaturen (2001) Stainless Steel Valves[16]
  • PBC Dopheide (2001) Industrial Coating[17]
  • AHC Group (2001) Industrial Coatings[18]
  • Van Roij Engineering (2000) Steel Distributor[19]
  • Stork TPP (2000) High-Precision Componentry[20]
  • Tratmar (2000)[21]
  • Thermi (2000) Heat Treatment and Coating Center[22]

References

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  1. ^ a b c d e "Key figures". aalberts.com. Retrieved 24 February 2022.
  2. ^ "Shareholders >3% interest". aalberts.com. Retrieved 28 January 2022.
  3. ^ "publication full year results 2023". aalberts.com. Retrieved 26 October 2024.
  4. ^ "Markets". aalberts.com. Retrieved 26 October 2024.
  5. ^ "Technologies". aalberts.com. Retrieved 26 October 2024.
  6. ^ "Definitief streep door kartelboete Aalberts". Cobouw (in Dutch). 4 July 2013. Retrieved 28 September 2017.
  7. ^ "Investors". Aalberts N.V. 4 July 2013. Archived from the original on 15 April 2021. Retrieved 12 April 2021.
  8. ^ "Acquisition Hage Haustechnik in Germany". aalberts.com. 16 June 2003.
  9. ^ "Acquisition H&ST Heat & Surface Treatment in the Netherlands". aalberts.com. 5 July 2002.
  10. ^ "Acquisition Metalis and Methatherm in France". aalberts.com. 3 April 2002.
  11. ^ "Acquisition Durotec in Germany". aalberts.com. 3 January 2001.
  12. ^ "Acquisition Machinefabriek van Andel in the Netherlands". aalberts.com. 21 March 2002.
  13. ^ "Aalberts increases stake in Hauck subsidiary and Meibes". aalberts.com. 11 March 2002.
  14. ^ "Acquisition Acorn Group in United Kingdom". aalberts.com. 25 October 2001.
  15. ^ "Acquisition Standard Hidráulica in Spain". aalberts.com. 25 September 2001.
  16. ^ "Acquisition 51% interest Meibes Zeitspar-Armaturen für Heiztechnik in Germany". aalberts.com. 13 September 2001.
  17. ^ "Acquisition PBC Dopheide GMBH in Germany". aalberts.com. 28 June 2001.
  18. ^ "Acquisition AHC Group in Germany, France, Switzerland, Austria and Italy". aalberts.com. 30 January 2001.
  19. ^ "Acquisition van Roij Engineering in the Netherlands". aalberts.com. 18 August 2000.
  20. ^ "Acquisition Stork TPP in the Netherlands". aalberts.com. 20 December 2000.
  21. ^ "Acquisition Tratamar in Spain". aalberts.com. 16 June 2000.
  22. ^ "Acquisition Thermi Centre in France". aalberts.com. 12 May 2000.
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