Charter International
 | |
| Company type | Public (LSE: CHTR) |
|---|---|
| Industry | Engineering |
| Founded | 1965 |
| Headquarters | London, UK |
Key people | Lars Emilson, Chairman Michael Foster, CEO |
| Revenue | £1,719.6 million (2010)[1] |
| £145.9 million (2010)[1] | |
| £118.9 million (2010)[1] | |
Number of employees | 12,313 (2010)[1] |
| Parent | Colfax Corporation |
| Website | www.charter.ie |
Charter International plc was a large British engineering business based in London. It was acquired by Colfax Corporation in January 2012.
History
Charter International's origins can be traced back to the British South Africa Company, which was founded in 1889 by Royal Charter.[2] During 1965, on the initiative of Anglo American Corporation, the company merged with The Central Mining & Investment Corporation and The Consolidated Mines Selection Company; the combined company was called Charter Consolidated.[2] Slightly over one-third of the shares of the newly-created company were owned by Anglo American Corporation.[2] At the time of its formation, the firm's assets were mainly mining investments and its strategy was to develop as a mining finance house actively engaged in mineral exploration and the development of mines throughout the world.[2]
Throughout the 1980s, Charter Consolidated gradually disposed of its overseas mining concerns, opting to instead concentrate on its British engineering interests.[2] During 1993, the company's name changed to Charter plc.[2]
In 1994, it acquired ESAB;[3] three years later, the company also acquired Howden.[4]
During early 1999, the company announced that it was seeking to spin out its subsidiary Pandrol Rail Fastenings.[5] Four years later, Pandrol was acquired by Delachaux of France.[6][7]
In 2008, the business was restructured with the creation of a new Irish resident holding company, Charter International plc.[8]
During January 2012, the company was acquired by the American technology business Colfax Corporation.[9]
Operations
The company had two main businesses:
- ESAB: welding, cutting and automation
- Howden: air and gas handling
References
- ^ a b c d "Annual Report 2010" (PDF). Charter International. Archived from the original (PDF) on 21 July 2011.
- ^ a b c d e f "History". Charter International. Archived from the original on 12 December 2008.
- ^ "No deals please: we are Swedish". findarticles.com.
- ^ "Guide to interim management". bieinterim.com. Archived from the original on 10 May 2008.
- ^ "Pandrol to be sold". Railway Gazette International. 1 April 1999.
- ^ "Pandrol merges Delachaux brands". International Railway Journal. Retrieved 27 April 2023.
- ^ "Pandrol unifies branding". Railway Gazette International. 17 November 2017.
- ^ "New Jersey incorporated Irish tax resident London listed holding company". Slaughter and May. 8 August 2008. Archived from the original on 29 November 2010.
- ^ "ESAB Acquired by Colfax Corporation". prweb.com. 13 January 2012.
External links
- Engineering companies of the United Kingdom
- Defunct companies based in London
- Non-renewable resource companies established in 1965
- 1965 establishments in the United Kingdom
- British South Africa Company
- Technology companies disestablished in 2012
- 2012 disestablishments in the United Kingdom
- Tax inversions
- 2012 mergers and acquisitions