NKT Holding

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NKT Holding A/S
Type Publicly traded Aktieselskab
Traded as OMXNKT
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 15.809 billion (2013)[1]
Profit DKK 253 million (2013)
Total assets DKK 12,995 million (end 2013)
Total equity DKK 5,674 million (end 2013)
Employees 8,899 (average, 2013)
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[edit]

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-conductor 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[edit]

NKT Holding is divided into three main business areas: Cables and wires, cleaning equipment and photonics. These business areas are expressed in the three main subsidiaries.

NKT Cables[edit]

NKT Cables deliver wires for the Beijing-Tianjin high-speed rail

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 1960s, 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 1990s.

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[edit]

See Nilfisk-Advance

NKT Photonics Group[edit]

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, headquartered 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[edit]

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 100 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[edit]

  • Jens Due Olsen, Chairman of the Board of Directors
  • Kristian Siem, Vice Chairman of the Board of Directors
  • Niels-Henrik Dreesen, employee elected
  • René Engel Kristiansen, employee elected
  • Jens Maaløe
  • Gitte Toft Nielsen, employee elected
  • Kurt Bligaard Pedersen
  • Lone Fønss Schrøder
  • Lars Sandahl Sørensen

References[edit]

  1. ^ "Annual Report 2013". NKT Holding. Retrieved 28 February 2014. 

External links[edit]