NKT Holding
 | |
| Type | Publicly traded Aktieselskab |
|---|---|
| Traded as | OMX: NKT |
| Industry | Industrial conglomerate |
| Founded | 1891 |
| Founder(s) | H.P. Prior |
| Headquarters | Copenhagen, Denmark |
| Key people | Michael Hedegaard Lyng (CFO), Jens Due Olsen (Chairman) |
| Products | Power cables, professional cleaning equipment, optical fibres |
| Revenue | DKK 15.253 billion (2012)[1] |
| Profit | DKK 1,604 million (2012) |
| Total assets | DKK 12,936 million (end 2012) |
| Total equity | DKK 5,737 million (end 2012) |
| Employees | 8,867 (average, 2012) |
| Subsidiaries | NKT Cables, Nilfisk-Advance, Photonics Group |
| Website | www.nkt.dk |
NKT Holding is a holding company and industrial conglomerate with interests in cables and wires, cleaning equipment and high-pressure cleaners for both industry and private use as well as optical components, lasers and crystal fibres.
The company is listed on NASDAQ OMX Copenhagen Stock Exchange and has been so since 1898. In 1991, the company was restructured as a holding company focusing on the core business with international potential. Its current strategy follows this path with a "best owner"-philosophy, focusing on value creation in subsidiaries.
The company employs almost 9,000 employees worldwide with production facilities in nine countries in Europe, North America and Asia.
NKT Holding is the parent company, with 3 main subsidiaries, being;
- NKT Cables
- Nilfisk-Advance
- Photonics Group (NKT Photonics, Lios Technology, Vytran)
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 in 1898 was named "Nordiske Kabel og Traadfabriker".
Over the next more than 90 years the company is active in a number of sectors outside the cable industry, including glass, aluminium, steel, nails, fasteners etc. primarily for the Danish market.
In 1990 the current company structure is established and over the next 10 years, begins merging and selling of several companies in the portfolio with the aim to concentrate on a smaller number of core businesses with major international potential. The past decade, the company has continued that path, founded by the "best owner" philosophy, where NKT Holding provides a kind of industrial home for each entity until such time as the may be ready for further development and growth under "better" ownership. This way, NKT Holding sold the electricity distribution manufacturer Lauritz Knudsen to Schneider in 1999, the semi-conducter manufacturer GIGA to Intel in 2000 and the underwater pipe manufacturer NKT Flexibles to NOV in 2012.
Most recently NKT Holding launched its 2011-2015 strategy "Powered by NKT" focusing on growth and value creation.
Business areas
NKT Holding is divided into three main busines areas: Cables and wires, cleaning equipment and photonics. These business areas are expressed in the three main subsidiaries.
NKT Cables
NKT Cables produces cables and supplies the energy sector. The subsidiary is headquartered in Cologne, Germany, and its markets are predominantly Europe and China. The company's main focus is electricity infrastructure for offshore wind farms and onshore power plants, representing 67 % of its revenue. The other main areas are wire systems and signalling cables for railways, cables for construction and wires for the automotive industry.
NKT Cables was founded by Dane Hans Peter Prior in 1891 and became a listed company in the Copenhagen Stock Exchange in 1898. During the next 90 years the company became one of the largest industrial companies in Denmark, focusing on cable manufacturing as well as electricity, telecommunications and metal products for the Danish market. When the company structure was changed in 1991, NKT Cables continued as a business area within the NKT Group.
In the 1960's, NKT Cables started recycling scrap from cable production in its facility in Stenlille, Denmark. The Company introduced lead-free cables and halogen and PVC-free cables as part of a renewed environmental focus in the 1990's.
In 1999 NKT Cables acquired German cable manufacturer Felten & Guilleaume, doubling the production capacity and adding businesses in the Czech Republic, China and Austria. NKT Cables headquarters subsequently moved to Cologne.
Nilfisk Advance
See Nilfisk-Advance
NKT Photonics Group
Photonics Group are working with a series of technologically sophisticated products and solutions within the optical fiber technology. The main focus of the subsidiary is imaging, sensing and fiber processing.
The group consist of three individual companies: NKT Photonics, headquatered in Birkerød, Denmark, Lios Technology, headquartered in Cologne, Germany and Vytran, headquartered in Morganville, New Jersey. The group is a spin-off of curent and former NKT subsidiaries and a result of NKT involvement in optical communications starting in the 1980s. Today, Photonics Group sell R&D to the industrial market collaboration with for example Leica and Horiba Scientific on fiber laser technology.
International operations
NKT is present all over the world, both with sales offices and with production facilities and factories. NKT Holding A/S, Nilfisk-Advance and Photonics Group are all headquartered in Denmark, whereas the NKT Cables has its headquarters in Cologne, Germany.
NKT Holding has subsidiaries in more than 40 countries worldwide. The subsidiaries run production sites in Denmark, Germany, USA, China, Hungary, Italy, Czech Republic, Poland and Mexico.
Members of the Board of Directors of NKT Holding
- Jens Due Olsen, Chairman of the Board of Directors
- Kristian Siem, Vice Chairman of the Board of Directors
- Jan Erik Jensen, employee elected
- Niels-Henrik Dreesen, employee elected
- Arne Dan Kjærulff, employee elected
- Jens Maaløe
- Kurt Bligaard Pedersen
- Lone Fønss Schrøder
- Lars Sandahl Sørensen
References
- ↑ "Annual Report 2012". NKT Holding. Retrieved 27 February 2013.
External links
- Official site: NKT Holding A/S
- Official site: NKT Cables GmbH
- Official site: Nilfisk-Advance A/S
- Official site: NKT Photonics A/S
- Official site: Lios Technology GmbH
- Official site: Vytran
- NKT Holding companies grouped at OpenCorporates
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