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Demag in 2011 has resisted efforts to be aquired by Kone Cranes and then by Terex(who is their partner) in another group company.
Demag in 2011 has resisted efforts to be aquired by Kone Cranes and then by Terex(who is their partner) in another group company.


Terex Achieves Minimum Tender Condition For Demag Cranes Offer. July 1st 2011 Terex achieves approximately 67% of the shares of Demag Cranes tendered, giving Terex a minimum acceptance level that exceeded the 51% they needed. [[Terex]] is a leading global manufacturer operating in four business segments, Aerial Work Platforms, Construction, Cranes, and Materials Processing, with net sales of $4.4 billion in 2010 and 16,300 employees worldwide. Demag Cranes, headquartered in Dusseldorf, Germany, is a leading provider of industrial cranes, crane components, harbor cranes and port automation technology.
[[Terex]] Achieves Minimum Tender Condition For Demag Cranes Offer. July 1st 2011 Terex achieves approximately 67% of the shares of Demag Cranes tendered, giving Terex a minimum acceptance level that exceeded the 51% they needed. [[Terex]] is a leading global manufacturer operating in four business segments, Aerial Work Platforms, Construction, Cranes, and Materials Processing, with net sales of $4.4 billion in 2010 and 16,300 employees worldwide. Demag Cranes, headquartered in Dusseldorf, Germany, is a leading provider of industrial cranes, crane components, harbor cranes and port automation technology.


Demag Cranes’ business is highly complementary to the existing Terex business, and the combination has compelling industrial logic. The combined entity would have had total revenues of about $5.8 billion in 2010 with a strong footprint in Europe and emerging markets, especially in China.
Demag Cranes’ business is highly complementary to the existing Terex business, and the combination has compelling industrial logic. The combined entity would have had total revenues of about $5.8 billion in 2010 with a strong footprint in Europe and emerging markets, especially in China.

Revision as of 14:22, 2 July 2011

Demag Cranes AG
IndustryEngineering and service
Founded1910
SuccessorSMS Group Edit this on Wikidata
HeadquartersDüsseldorf, Germany
Productsbridge cranes, hoists, material handling equipment, gantry cranes and port technology.
Number of employees
5,893 reported 5/4/11
Websitewww.demagcranes-ag.de

Demag or Demag Cranes AG is a German heavy equipment manufacturer. The roots of Demag date back prior to its formation, but became Märkische Maschinenbau-Anstalt, Ludwig A.-G in 1906 as the biggest crane building company in Germany employing 250-300 people. The company was a manufacturer of industrial cranes that included types like, bridge cranes, hoist (device), overhead cranes, Gantry crane to name a few. In 1910 came the hour of the Deutsche Maschinenfabrik in Duisburg – known worldwide by its telegram abbreviation Demag (now Demag Cranes & Components GmBH).[1] In 1973 The Mannesmann group assumed ownership of Demag, and since that time the company has continued to grown and change. Parts of the company under core business structuring moved from its ownership to focus the main concept of the company. Today Demag Cranes A.G. stands on its own and is a publicly traded company.

Portrait of Demag Cranes AG in 2011

Circa 2010 Demag Overhead crane and hoist (device) being used in typical machine shop. The hoist is operated via a wired pushbutton station to move system and the load in any direction

Demag Cranes is one of the world’s leading providers of industrial cranes, crane components, harbour cranes and port automation technology. Services, in particular maintenance and refurbishment services, are another key element of its business activities. The activities of Demag Cranes are divided up into three segments: Industrial Cranes, Port Technology and Services.

In Demag and Gottwald, the Group has strong brands and believes that it is a global market leader by virtue of its innovation and technology leadership, its excellent product and service quality and its close and long-term customer relationships. Demag Cranes manufactures in 16 countries on five continents and through subsidiaries, agencies and a joint venture operates one of the most comprehensive worldwide sales and service networks in the industry. The Group is represented in more than 60 countries and reaches customers in more than 100 countries.

In financial year 2009/2010, the Group generated total revenue of EUR 931.3 million and operative earnings before interest and tax (EBIT) of EUR 54.2 million with some 5,711 employees (as at 30 September 2010). From 01.10.09 to 30.09.10, 20.5 per cent of revenue was generated in Germany, 32.0 per cent in Europe excluding Germany and Russia, 14.3 per cent in North, Central and South America, 11.8 per cent in Asia, 15.4 per cent in the so-called BRIC countries and 5.9 per cent in other countries.[2] Demag in 2011 has resisted efforts to be aquired by Kone Cranes and then by Terex(who is their partner) in another group company.

Terex Achieves Minimum Tender Condition For Demag Cranes Offer. July 1st 2011 Terex achieves approximately 67% of the shares of Demag Cranes tendered, giving Terex a minimum acceptance level that exceeded the 51% they needed. Terex is a leading global manufacturer operating in four business segments, Aerial Work Platforms, Construction, Cranes, and Materials Processing, with net sales of $4.4 billion in 2010 and 16,300 employees worldwide. Demag Cranes, headquartered in Dusseldorf, Germany, is a leading provider of industrial cranes, crane components, harbor cranes and port automation technology.

Demag Cranes’ business is highly complementary to the existing Terex business, and the combination has compelling industrial logic. The combined entity would have had total revenues of about $5.8 billion in 2010 with a strong footprint in Europe and emerging markets, especially in China.

Founding

The Demag company was formed in Duisburg through the union of Märkischer Maschinenbau-Anstalt L. Stuckenholz AG, Duisburg Mechanical Engineering AG, and the Benrath Machine Works GmbH. In 1910, they designed what was then the world's largest floating crane, built for Harland & Wolff in Belfast, which would be used for the building of the passenger liners RMS Olympic and RMS Titanic.[3]

Starting in 1925, Demag also manufactured excavators. They expanded to manufacture locomotives and railroad cars. During the Second World War, armoured fighting vehicles (in particular Bergepanther) were built in the Berlin Staaken plant.

During the buildup to, and during World War II, Demag-designed half track military vehicles, such as the armored Sd.Kfz. 250, played an important role during the war, with just over 6,600 built by Demag and their subcontractors.

Hydraulic era

In 1954, Demag developed their first hydraulic excavators. Demag would soon expand into construction machines, vehicle cranes, moving and conveying engineering (workshop crane and control devices), steel mill technology (complete metallurgical plants, in particular continuous casting equipment), compressors, and compressed air engineering. The company also became a world leader in the manufacturing of injection moulding machines.

As part of the Mannesmann group

Crane built by Demag in 1935

In 1973 the ownership of Demag was assumed by the Mannesmann group, based in Düsseldorf. In 1983 Mannesmann-Demag AG and Wean United, Inc. of Pittsburgh, USA, founded a daughter company to produce steel working equipment, Mannesmann Demag Wean Co.

A joint venture with the Japanese manufacturer Komatsu led to spinning off of the large-scale excavation operations and their renaming as Komatsu Mining.

The steel and rolling mill technology division, based in Duisburg, was spun off to Schloemann-Siemag (SMS) and continues today under the name SMS Demag.

The compressor division was sold in 1996 to CompAir, which was then part of the British Siebe/Invensys group, but has since become an independent company.

Later (1999), the injection moulding manufacturing was merged with that of Krauss-Maffei, which had itself been acquired by Mannesmann from 1989, to form Mannesmann Demag Krauss Maffei and formed part of Mannesmann Atecs (for Advanced Technologies), a holding company for all of Mannesmann's non-telecom activities. Krauss Maffei's general equipment manufacturing and defence portions later passed to Linke/Hoffmann/Busch. The holding company was later named Mannesmann Plastics Machinery or MPM, with primary divisions Demag Plastics and Krauss-Maffei.

Following the acquisition of Mannesmann by Vodafone in 1999-2000, the Atecs holding company was divested to a consortium of Siemens and Bosch, which then integrated parts of it into one or the other company and spun off others. The Demag units became part of Siemens.

In the autumn of 2001, Siemens divested by far the majority of these to Kohlberg Kravis Roberts (KKR). At this same time the world economy was going through another recession, entailing downsizing and the reduction of jobs. Those that remained were restructured and became part of the new company focus for future growth. Products were heavily downgraded and the once popular DH hoist were made obsolete and replaced by DR hoist. The present group focuses on low and medium capaacity cranes.

Demag Overhead crane and hoist (device) Demag Bridge Crane.

Demag Cranes and Components was one of the non-core divisions carved out from Siemens and acquired by KKR. KKR initiated a major reorganization of the Demag Crane and Components organization, including a refocused effort of their product lines. The production and general company focus changed to Overhead cranes, hoist's, Gantry cranes, and Portal cranes under the name Gottwald. Parts of the conveying engineering activities remained with Siemens under the name Dematic. The remainder of the conveying engineering firm was sold in 2006 as Demag Cranes, together with the quay crane manufacturer. Demag Cranes was listed publicly in 2006, and has since increased its market share both in the US and worldwide. MPM was also sold to KKR and is now part of Sumitomo Heavy Industries

In August 2002, the Demag crane plant in Zweibrücken became part of the US Terex company. The brand name Terex-Demag continues.

Notable dates.

  • 1819 The present-day Demag Cranes & Components GmbH founded under the name Mechanische Werkstätten Harkort & Co. in Wetter an der Ruhr. First Steam powered[1] crane produced by Ludwig Stuckenholz company. Now Demag Cranes & Components GmbH.
  • 1840: Demag Cranes & Components starts full production of Overhead cranes in Germany.
  • 1906 The present-day Gottwald Port Technology GmbH founded under the name of Maschinenfabrik Ernst Halbach AG in Düsseldorf
  • 1910 Successor companies to Mechanische Werkstätten Harkort & Co. become part of Deutsche Maschinenfabrik AG (Demag: Demag starts production of Electric motor hoist.
  • 1956 Leo Gottwald KG builds the first mobile harbor crane
  • 1969: Demag introduces the first AC motor with a sliding rotor on its crane product in the USA.
  • 1988 Mannesmann takes over Leo Gottwald KG and integrates it in Mannesmann Demag AG
  • 1992 Restructuring of the Mannesmann Demag Group and spin-off of Mannesmann Demag Fördertechnik AG in Wetter
  • 1996 Mannesmann Demag Fördertechnik AG takes over the Mobile Cranes segment from Mannesmann Demag AG in Duisburg.
  • 1997 Mannesmann Demag Fördertechnik AG is renamed Mannesmann Dematic AG
  • 2000 Mannesmann Dematic becomes an integral part of the Atecs Mannesmann AG Group; spin-off of Demag Cranes & Components GmbH (Wetter); Mannesmann taken over by Vodafone; Siemens AG and Robert Bosch GmbH acquire Atecs Mannesmann; the mechanical engineering division of Atecs Mannesmann AG, to which the current segments of Demag Cranes belonged, remains in the Siemens Group
  • 2002 Demag Cranes & Components GmbH and Gottwald Port Technology GmbH taken over by Demag Holding S.à r.l (Luxembourg), in which private equity investment funds advised by KKR hold an 81% interest and Siemens AG holds 19% interest
  • 2005: Demag Crane & Components Corp. produces the first "Smart hoist" with self-diagnostic capability.
  • 2006 Consolidation of Demag Cranes & Components GmbH and Gottwald Port Technology GmbH under the umbrella of Demag Cranes AG and IPO and 23 June 2006.

Withdrawal of Demag Holding S.à.r.l..

  • 2010: Demag becomes the first company to receive the industry certification by HMI.

References Read more about HMI certifiication.

  • Example of steam powered overhead crane from 1875, produced by Ludwig Stuckenholz AG, Wetter am der Ruhr, Germany. Design developed by Rudolf Bredt from an original installation at Crewe railway works[1]
    Example of steam powered overhead crane from 1875, produced by Ludwig Stuckenholz AG, Wetter am der Ruhr, Germany. Design developed by Rudolf Bredt from an original installation at Crewe railway works[1]
  • Circa 2010 Double girder top running Demag bridge crane operated via radio control. Radio control is often used when handling steel coils.
    Circa 2010 Double girder top running Demag bridge crane operated via radio control. Radio control is often used when handling steel coils.
  • Demag sliding rotor motor concept with main motor and creep motor. This type of configuration was mostly used in hoists found on Bridge Cranes from 1925 in the "N" series hoist to present day.
    Demag sliding rotor motor concept with main motor and creep motor. This type of configuration was mostly used in hoists found on Bridge Cranes from 1925 in the "N" series hoist to present day.
  • Demag gantry crane of the North Sea stations in Emden, Germany Author, Frisia Orientalis.
    Demag gantry crane of the North Sea stations in Emden, Germany Author, Frisia Orientalis.
  • Crane located in Tsingtao China. Giant crane supplied by Demag. During the war a large blast destroyed the foundation dumping the crane in the sea, where it remained for 5 years, until the Japanese brought it up again, and repaired the systems completely.
    Crane located in Tsingtao China. Giant crane supplied by Demag. During the war a large blast destroyed the foundation dumping the crane in the sea, where it remained for 5 years, until the Japanese brought it up again, and repaired the systems completely.
  • A Demag crane suspended above a factory floor handling textile machines in a company called Textima. Photographs by Roger and Renate Rössing from 1951
    A Demag crane suspended above a factory floor handling textile machines in a company called Textima. Photographs by Roger and Renate Rössing from 1951

References

  1. ^ a b c Kurrer, Karl-Eugen (2008). The history of the theory of structures: from arch analysis to computational mechanics. Berlin: Ernst & Sohn. pp. 429–430. ISBN 3-433-01838-3. Cite error: The named reference "Kurrer2008" was defined multiple times with different content (see the help page).
  2. ^ http://www.demagcranes-ag.de/en/Group/About_us/Portrait/index.jsp
  3. ^ http://www.preservedtanks.com/Locations.aspx?LocationCategoryId=1155
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