FKI (company)
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| Company type | Private |
|---|---|
| Industry | Engineering |
| Founded | 1920 |
| Headquarters | Loughborough, UK |
| Owner | Melrose |
| Website | www.fki.co.uk |
FKI is a British engineering and manufacturing company headquartered in Loughborough, Leicestershire. For many years listed on the London Stock Exchange and a constituent of the FTSE 250 Index, it was taken private by buyout firm Melrose in July 2008.
History
The company was founded in 1920 as a manufacturer of parking meters, trading as Fisher Limited. The name was subsequently changed to Fisher Karpark Industries ('FKI'). In 1987 it merged with Babcock International to form FKI Babcock[1] but then demerged the heavy engineering parts of Babcock again in 1989.[2] The Company was taken private by buyout firm Melrose in July 2008[3] in a deal worth over £500 million.[4]
Organisation and subsidiaries
FKI plc has a large number of subsidiaries, which it divides into four groups:
- Energy Technology - Electrical generation apparatus
- Lifting Products and Services - Lifting apparatus (wire ropes, hooks etc.). The waste recycling business operated by FKI (recycling machinerery) are also incorporated in to this section.
- Hardware - Domestic fittings - door handles, hinges etc. as well as office fittings.
- FKI Logistex - Product handling automation - conveyor belts, RFID implementation, baggage handling automation etc.
Energy technology
The Brush group of companies are incorporated into this section, including Brush Turbogenerators manufacturers of mechanical to electrical generation systems,[5] Brush-Barclay and Brush Traction, both involved in rail locomotive manufacture and repair[6] (on 28 February 2011 Wabtec announced that it had acquired Brush Traction for US$31 million)[7] and Brush Transformers which manufactures electrical transformers and switchgear.[8]
Other companies in this group are FKI switchgear (now renamed Hawker Siddeley Switchgear Ltd.) which incorporates Brush switchgear, Whipp & Bourne and others.[9]
Harrington Generators International (HGI) manufacture generator sets for rail, road, and light commercial and agricultural use, as well as supplying the British Army (MoD) with generators.[10]
MarelliMotori also produces electrical generators as well as induction motors.[11]
Lifting products and services
Acco Material Handling manufactures cranes, hoists and other crane components as well as hand trucks.[12]
Harris Waste Management Group, Inc manufactures balers and shredders for the waste recycling sector.[13]
Welland Forge produces impression die forgings for the automotive, construction, agricultural and recreational markets.[14]
Hardware
Truth Hardware corporation manufactures commercial window and doors, and fittings.[15]
Weber Knapp produces office fittings including counterbalance devices.[16]
Former businesses
FKI Logistex
Logistex produces a full range of item handling automation systems including baggage handling, storage and retrieval systems, conveyors, library systems including RFID solutions, warehousing automation and sorting systems.[17] The company's North American operations were acquired by Intelligrated in June 2009.[18] The European Logistex operations known as Crisplant a/s, who specialized in airport systems, tilt tray and Crossbelt sorters, were acquired by BEUMER GmbH in July 2009.
References
- ^ National Archives
- ^ "Records of Babcock Industrial & Electrical Products Ltd" Glasgow University Archive Services
- ^ Bland, Ben (2 July 2008). "Ebbing confidence and bank rumours push down FTSE 100". The Daily Telegraph. Retrieved 2008-07-04.
- ^ Kavanagh, Michael (28 June 2008). "Small-cap company meets big ambitions". Financial Times. Retrieved 2008-07-04.
- ^ BRUSH Turbogenerators
- ^ Brush Traction BRUSH Barclay and BRUSH Traction
- ^ "Wabtec buys Brush Traction". Railway Gazette International. 28 February 2011. Archived from the original on 28 February 2011. Retrieved 28 February 2011.
- ^ BRUSH Transformers Ltd
- ^ Switchgear: Whipp & Bourne and Hawker Siddeley Switchgear Limited
- ^ Harrington Generators International
- ^ MarelliMotori
- ^ accomhs.com Acco Material Handling Solutions
- ^ harriswaste.com Harris Waste Management Group, Inc
- ^ wellandforge.com Welland Forge
- ^ Truth Hardware Corporation
- ^ Weber Knapp Company
- ^ FKI Logistex
- ^ Intelligrated Completes Acquisition of FKI Logistex 23/6/2009 www.intelligrated.com
External links
- fki.co.uk FKI plc official site
- melroseplc.net Melrose plc official site
- Yahoo profile